XML 40 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)
3 Months Ended
Jun. 30, 2012
Tables/Schedules  
Schedule of Earnings Per Share, Basic and Diluted

 

 

Three Months Ended

June 30,

 

 

2012

 

 

2011

Basic EPS computation:

 

 

 

 

 

      Numerator-net income (loss)

$

(1,780,000

)

$

714,000

      Denominator-weighted average common shares outstanding

 

22,333,329

 

 

22,308,696

Basic EPS

$

(0.08

)

$

0.03

Diluted EPS computation:

 

 

 

 

 

      Numerator-net income (loss)

$

(1,780,000

)

$

714,000

      Denominator-weighted average common shares outstanding

 

22,333,329

 

 

22,308,696

            Effect of dilutive stock options

 

-

 

 

657

            Weighted average common shares

 

 

 

 

 

             and common stock equivalents (1)

 

22,333,329

 

 

22,309,353

Diluted EPS

$

(0.08

)

$

0.03

 

(1) For the three months ended June 30, 2012, the Company recognized a net loss and therefore all outstanding stock options were excluded from the calculation of diluted earnings per share because they were antidilutive.