Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) Per Share

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Net Income (Loss) Per Share
12 Months Ended
Dec. 31, 2012
Net Income (Loss) Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE

NOTE G – NET INCOME (LOSS) PER SHARE

The following table provides the computation of basic and diluted net income (loss) per share for the twelve month period ending December 31, 2012 and 2011: (in thousands, except per share amounts)

 

                 
    Year Ended December 31,  
    2012     2011  

Net income (loss)

  $ 65     $ (1,177
   

 

 

   

 

 

 
     

Basic weighted average shares outstanding

    45,027       42,758  

Effect of potentially dilutive securities

    3,688       —    
   

 

 

   

 

 

 

Diluted weighted average shares outstanding

    48,715       42,758  
   

 

 

   

 

 

 
     

Basic net income (loss) per share

  $ 0.00     $ (0.03
   

 

 

   

 

 

 
     

Diluted net income (loss) per share

  $ 0.00     $ (0.03
   

 

 

   

 

 

 

 

For the year ended December 31, 2012 there were no outstanding options or warrants excluded from the calculation of diluted earnings per share due to anti-diluted affects, as all outstanding options and warrants were less than the average market price of the Company’s common stock for the year ended December 31, 2012.