Earnings Per Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 8 — EARNINGS PER SHARE

Basic income (loss) per share of common stock for the periods ended March 31, 2012 and 2011 is determined by dividing net income (loss) by the weighted average number of shares of common stock during the period.

The following table reconciles the weighted average shares outstanding used for basic and diluted earnings per share for the periods ending March 31, 2012 and 2011.

	For the Three Months Ended March 31,
	2012		2011
Weighted average number of common shares outstanding used in the basic earnings per common share calculations		12,979,828		12,737,328
Dilutive effect of stock options		—		1,529,475
Weighted average number of common shares outstanding adjusted for effective of dilutive options and warrants		12,979,828		14,266,803

The stock options were anti-dilutive for the three months ended March 31, 2012.

The Company paid no cash distributions to its stockholders during the three months ended March 31, 2012 and 2011.