Earnings Per Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

15. Earnings Per Share

The following table sets forth the computation of basic and diluted loss per share (in thousands, except share and per share data):

	Three Months Ended March 31,
	2012			2011
Numerator:
Net loss	$	(533	)	$	(1,259	)
Denominator:
Denominator for basic loss per share-weighted average shares		58,946,441			15,735,725
Dilutive effect of options and warrants		-			-
Denominator for diluted earnings per share- weighted average shares		58,946,441			15,735,725
Basic and diluted loss per share:
Net loss	$	(0.01	)	$	(0.08	)

The effect of options and warrants for the periods in which we incurred a net loss has been excluded as it would be anti-dilutive. The options and warrants excluded totaled 84,209 and 48,608 for the three months ended March 31, 2012 and 2011, respectively. Additionally, the potential dilutive effect of the conversion option related to the convertible debenture note with Merlin of 6,666,667 shares has been excluded from the above earnings per share calculations as they would be anti-dilutive.