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2. BASIC AND DILUTED EARNINGS PER COMMON SHARE
3 Months Ended
Mar. 31, 2013
Basic And Diluted Earnings Per Common Share  
BASIC AND DILUTED EARNINGS PER COMMON SHARE

The Company computes basic and diluted earnings per common share in accordance with the provisions of ASC No. 260, Earnings per Share. Basic earnings per share excludes the dilutive effects of options, warrants and other convertible securities. Diluted earnings per share reflects the potential dilution of securities that could share in our earnings. Total options, warrants, convertible preferred stock and restricted stock units that were excluded from computing diluted net loss per common share represented approximately 6,915,000 and 9,008,000 shares for the three months ended March 31, 2013 and 2012, respectively, as their effect was anti-dilutive.