EXHIBIT 11
Net Income (Loss) per Common and Common Equivalent Share
|
| Three Months Ended |
| Six Months Ended |
| ||||||||
|
| June 30, |
| June 30, |
| ||||||||
|
| 2007 |
| 2006 |
| 2007 |
| 2006 |
| ||||
BASIC |
|
|
|
|
|
|
|
|
| ||||
Weighted average common shares used to compute basic earnings per share |
| 8,673,000 |
| 8,199,000 |
| 8,354,000 |
| 8,122,000 |
| ||||
Net income (loss) |
| $ | (413,000 | ) | $ | 360,000 |
| $ | (760,000 | ) | $ | 445,000 |
|
Basic net income (loss) per share |
| $ | (0.05 | ) | $ | 0.04 |
| $ | (0.09 | ) | $ | 0.05 |
|
DILUTED |
|
|
|
|
|
|
|
|
| ||||
Weighted average common shares used to compute basic earnings per share |
| 8,673,000 |
| 8,199,000 |
| 8,354,000 |
| 8,122,000 |
| ||||
Dilutive common equivalent shares attributable to stock options (based on average market price) |
| — |
| 924,000 |
| — |
| 826,000 |
| ||||
Dilutive common equivalent shares attributable to warrants (based on average market price) |
| — |
| 202,000 |
| — |
| 192,000 |
| ||||
Weighted average common shares used to compute diluted earnings per share |
| 8,673,000 |
| 9,325,000 |
| 8,354,000 |
| 9,140,000 |
| ||||
Net income (loss) |
| $ | (413,000 | ) | $ | 360,000 |
| $ | (760,000 | ) | $ | 445,000 |
|
Dilutive net income (loss) per share |
| $ | (0.05 | ) | $ | 0.04 |
| $ | (0.09 | ) | $ | 0.05 |
|