NOTE 8 - INCOME (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2011

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 nine month periods ended September 30, 2011 and 2010:

	For the Three Months				For the Nine Months
	Ended September 30,				Ended September 30,
Basic EPS Computation	2011		2010		2011		2010
Net Income/(Loss)	$	29	$	0	$	(4)	$	(1,203	)

Weighted average shares outstanding		3,085		3,085		3,085		3,088
Basic Net Income/(Loss) per share	$	0.01	$	0.00	$	(0.00)	$	(0.39	)

	For the Three Months				For the Nine Months
	Ended September 30,				Ended September 30,
Diluted EPS Computation	2011		2010		2011		2010
Net Income/(Loss)	$	29	$	0	$	(4)	$	(1,203	)

Weighted average shares outstanding		3,085		3,085		3,085		3,088
Common shares equivalents		9		-		-		-
Diluted shares outstanding		3,094		3,085		3,085		3,088
Basic Net Income/(Loss) per share	$	0.01	$	0.00	$	(0.00)	$	(0.39	)

Stock options to acquire 185 thousand and 138 thousand shares for the three and nine month periods ended September 30, 2011 and convertible debt shares of 300 thousand shares for the three and nine month periods ended September 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 184 thousand shares for the three and nine months ended September 30, 2010 were excluded in the computations of diluted EPS because the effect of including the stock options would have been anti-dilutive.