Quarterly report pursuant to Section 13 or 15(d)

Nature Of Business Summary Of Significant Accounting Policies (Tables)

v2.4.0.6
Nature Of Business Summary Of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
Fair value of option grants

 

  SIX MONTHS ENDED JUNE 30,
       2012           2011     
Risk-free interest rates       0.71-0.89% 2.05-2.18%-
Expected option life in years 5 years 5 years
Expected stock price volatility 45.86% 42.04%
Expected dividend yield -0- -0-

Computation of shares outstanding
 

Six Months Ended

                  June 30              

Three Months Ended

                 June 30,                

  2012 2011 2012 2011
         
Weighted-average common shares outstanding – basic  25,595,913 25,961,815  26,192,920 25,974,609
Dilutive effect of options and warrants  3,133,343 5,220,914 2,627,009  5,220,914

Weighted-average common shares outstanding – diluted

 

28,729,256  31,182,729 28,819,929  31,195,523
Options and Warrants excluded from the computation of diluted income (loss) per share because the effect of inclusion would have been anti-dilutive 2,326,657  5,679,001 2,832,991 

5,697,001

 

 

         

Cash and cash equivalents

 

  June 30, 2012 December 31, 2011
     
Cash $      1,211,000   $   1,135,000        
Money market fund      20,068,000   19,526,000        
Total $    21,279,000   $ 20,661,000