Loss (Income) per Share |
3 Months Ended |
|---|---|
Sep. 30, 2011 | |
| Earnings Per Share Abstract | |
| Earnings Per Share Text Block |
Note 10 (Income) Loss per Share Income and losses per common share are based upon the weighted average number of common and common equivalent shares outstanding during the period. The reconciling items in the calculation of diluted earnings per share earnings per share are the dilutive effect of stock options, warrants and non-vested shares. The potential dilutive impact of non-vested shares is determined using either the treasury stock method or the two-class method, whichever leads to higher dilution. The dilutive impact of stock options and warrants is determined using the treasury stock method.
For the three months ended September 30, 2011, the Company had 7,697,826 options and warrants outstanding that had an exercise price below the average stock price that would have resulted in 1,719,815 incremental dilutive shares. The Company also had 104,167 non-vested shares of Company stock that would have resulted in 85,102 incremental dilutive shares for the three months ended September 30, 2011. There were no other potentially dilutive items at September 30, 2011.
For the three months ended September 30, 2010, the Company had 8,227,826 options and warrants outstanding that had an exercise price below the average stock price for the period that resulted in 2,438,677 incremental dilutive shares. The Company also had 208,334 non-vested shares of Company stock for the three months ended September 30, 2010, that resulted in 24,595 incremental dilutive shares for the period. There were no other potentially dilutive items at September 30, 2010. However, as a result of the net loss for the period, there was no dilutive effect. |