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EXHIBIT 11.1
COMPUTATION OF LOSS PER COMMON SHARE
Quarter Ended March 31, | |||||||
2009 | 2008 | ||||||
Diluted net loss per share from continuing operations: | |||||||
Net loss from continuing operations available to common shareholders | $ | (2,258,000 | ) | $ | (4,335,000 | ) | |
Weighted average number of shares outstanding | 7,954,928 | 7,954,928 | |||||
Net effect of dilutive stock options based on treasury stock method | - | - | |||||
Total average shares | 7,954,928 | 7,954,928 | |||||
Fully diluted net loss per share from continuing operations | $ | (0.28 | ) | $ | (0.54 | ) |