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Note R - Earnings Per Share
 12 Months Ended
Dec. 31, 2012
Earnings Per Share [Text Block]
NOTE R—EARNINGS PER SHARE (EPS)

The Company’s basic EPS is calculated using net income (loss) available to common shareholders and the weighted-average number of shares outstanding during the reporting period. Diluted EPS includes the effect from potential issuance of common stock, such as stock issuable pursuant to the exercise of stock options and warrants and the assumed conversion of convertible notes and preferred stock.

The following table summarizes the securities that were excluded from the diluted per share calculation because the effect of including these potential shares was antidilutive even though the exercise price was less than the average market price of the common shares.

   
Years ended December 31,
 
   
2012
   
2011
 
             
Stock Options
    —       379,865  
                 
Potentially dilutive securities
    —       379,865  

Items excluded from the diluted per share calculation because the exercise price was greater than the average market price of the common shares:

   
Years ended December 31,
 
   
2012
   
2011
 
             
Stock options
    3,262,272       3,087,140  
Warrants
    8,250,000       8,250,000  
                 
Total
    11,512,272       11,337,140