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NOTE 7 - INCOME (LOSS) PER SHARE
 3 Months Ended
Mar. 31, 2012
Earnings Per Share [Text Block]
NOTE 7 – 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 month periods ended March 31, 2012 and 2011:

   
For the Three Months
 
   
Ended March 31,
 
Basic EPS Computation
 
2012
   
2011
 
Net Loss
 
$
 (847
) 
 
$
(60
) 
                 
Weighted average shares outstanding
   
4,699
     
4,627
 
Basic Loss per share
 
$
(0.18
) 
 
$
(0.01
)

   
For the Three Months
 
   
Ended March 31,
 
Diluted EPS Computation
 
2012
   
2011
 
Net Loss
 
$
(847
) 
 
$
(60
) 
                 
Weighted average shares outstanding
   
4,699
     
4,627
 
Common shares equivalents
   
-
     
-
 
Diluted shares outstanding
   
4,699
     
4,627
 
Diluted Loss per share
 
$
(0.18
) 
 
$
(0.01
)

Stock options to acquire 519 shares for the three month periods ended March 31, 2012 and stock options to acquire 328 shares for the three months ended March 31, 2011 were excluded in the computations of diluted EPS because the effect of including the stock options would have been anti-dilutive.