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NOTE 8 - INCOME (LOSS) PER SHARE
 6 Months Ended
Jun. 30, 2011
Earnings Per Share [Text Block]
NOTE 8 – INCOME (LOSS) PER SHARE

Basic Income (Loss) per share (EPS) is computed based on the weighted average number of common shares outstanding for the period.  Diluted EPS reflects the maximum dilution that would have resulted from incremental common shares issuable upon the exercise of stock options.  The number of common share equivalents, which includes stock options, is computed using the treasury stock method.

The following tables provide the components of the basic and diluted EPS computations for the three and six month periods ended June 30, 2011 and 2010:

   
For the Three Months
   
For the Six Months
 
   
Ended June 30,
   
Ended June 30,
 
Basic EPS Computation
 
2011
   
2010
   
2011
   
2010
 
Net Income/(Loss)
 
$
27
   
$
(1,015
)
 
$
(33
)
 
$
(1,203
)
                                 
Weighted average shares outstanding
   
3,085
     
3,085
     
3,085
     
3,090
 
Basic Net Income/(Loss) per share
 
$
0.01
   
$
(0.33
)
 
$
(0.01
)
 
$
(0.39
)

   
For the Three Months
   
For the Six Months
 
   
Ended June 30,
   
Ended June 30,
 
Diluted EPS Computation
 
2011
   
2010
   
2011
   
2010
 
Net Income/(Loss)
 
$
27
   
$
(1,015
)
 
$
(33
)
 
$
(1,203
)
                                 
Weighted average shares outstanding
   
3,085
     
3,085
     
3,085
     
3,090
 
Common shares equivalents
   
3
     
-
     
-
     
-
 
Diluted shares outstanding
   
3,088
     
3,085
     
3,090
     
3,090
 
Basic Net Income/(Loss) per share
 
$
0.01
   
$
(0.33
)
 
$
(0.01
)
 
$
(0.39
)

Stock options to acquire 160 thousand and 174 thousand shares for the three and six month periods ended June 30, 2011 were excluded in the computations of diluted EPS because the effect of including the stock options would have been anti-dilutive and stock options to acquire 205 thousand shares for the three and six months ended June 30, 2010 were excluded in the computations of diluted EPS because the effect of including the stock options would have been anti-dilutive.