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Basic and Diluted Earnings Per Share
 3 Months Ended
Mar. 31, 2013
Basis and Diluted Earnings Per Share [Abstract]  
Basis and Diluted Earnings Per Share

Note 4 - Basic and Diluted Earnings Per Share

Basic earnings per share are computed based on the weighted average number of common shares outstanding during the period. Diluted earnings per common share reflect the potential effects of the exercise of outstanding stock options and vesting of restricted stock units. Basic and diluted common shares outstanding are summarized as follows:

 

                 
    Three Months Ended
March 31,		  
    2013     2012  

Weighted average number of basic common shares outstanding

     7,022,272       9,874,857  

Effect of dilutive securities

     0       0  
   

 

 

    

 

 

  

Weighted average number of diluted common shares outstanding

     7,022,272       9,874,857  
   

 

 

    

 

 

  

As a result of the net loss reported for the three months ended March 31, 2013 and 2012, 291,056 and 112,894 potential common shares, respectively, have been excluded from the calculation of diluted loss per common share because their effect would be anti-dilutive.