Note 11 - Loss Per Share

12 Months Ended

Jan. 31, 2013

11. Loss Per Share

We calculate basic loss per share by dividing net loss by the weighted average number of common shares outstanding during the reporting period. Diluted loss per share reflect the effects of potentially dilutive securities. Because we incurred net losses for the fiscal years ended January 31, 2013 and 2012, basic and diluted loss per share were the same because the inclusion of 330,000 and 120,000, as of January 31, 2013 and 2012, respectively, potential common shares related to outstanding stock awards in the calculation would have been antidilutive. The summary of the basic and diluted earnings per share computations is as follows (in thousands, except per share data):

	Years Ended January 31,
	2013			2012
Basic & Diluted:
Loss from continuing operations	$	(5,592	)	$	(5,289	)
Weighted average shares outstanding		7,545			7,365
Basic and diluted loss per share from continuing operations	$	(0.74	)	$	(0.72	)
Loss from discontinued operations	$	—		$	(21	)
Weighted average shares outstanding		7,545			7,365
Basic and diluted loss per share from discontinued operations	$	(0.00	)	$	(0.00	)
Net loss	$	(5,592	)	$	(5,310	)
Weighted average shares outstanding		7,545			7,365
Basic and diluted loss per share	$	(0.74	)	$	(0.72	)

- Definition

The entire disclosure for earnings per share.

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