Earnings (Loss) Per Share

3 Months Ended

Sep. 30, 2011

7) Earnings (Loss) Per Share

The basic and diluted earnings (loss) per share amounts were calculated as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
Numerator:
Net earnings (loss)	$	770,322	$	503,430	$	456,716	$	(28,384	)
Denominator:
Basic weighted-average shares outstanding		8,938,593		8,733,298		8,806,716		8,687,546
Effect of dilutive securities:
Employee stock options		17,358		87,823		25,543		-
Dilutive potential common shares		17,358		87,823		25,543		-
Diluted weighted-average shares outstanding		8,955,951		8,821,121		8,832,259		8,687,546

Basic earnings loss per share	$	0.09	$	0.06	$	0.05	$	(0.00	)

Diluted earnings loss per share	$	0.09	$	0.06	$	0.05	$	(0.00	)

Earnings (loss) per share amounts have been adjusted for the effect of annual stock dividends. For the three months ended September 30, 2011 and 2010, there were 1,805,067 and 1,137,074 of anti-dilutive employee stock option shares, respectively and for the nine months ended September 30, 2011 and 2010, the anti-dilutive employee stock options were 1,939,930 and 1,506,958, respectively, that were not included in the computation of diluted net loss per common share as their effect would be anti-dilutive.