Quarterly report pursuant to Section 13 or 15(d)

Nature Of Business Summary Of Significant Accounting Policies (Tables)

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Nature Of Business Summary Of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2012
Notes to Financial Statements  
Fair value of option grants
   
NINE MONTHS ENDED SEPTEMBER 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
   
Nine Months Ended
 September 30
   
Three Months Ended
 September 30,
 
   
2012
   
2011
   
2012
   
2011
 
                         
Weighted-average common shares outstanding – basic
    25,659,085       25,979,596       25,963,093       26,014,578  
Dilutive effect of options and warrants
    2,885,887       4,976,463       2,553,549       4,976,463  
Weighted-average common shares outstanding – diluted
    28,544,972       30,956,059       28,516,642       30,991,041  
                                 
Options and Warrants excluded from the computation of diluted income (loss) per share because the effect of inclusion would have been anti-dilutive
    2,574,113       5,803,452       2,906,451       5,803,452  
Cash and cash equivalents
   
September 30, 2012
   
December 31, 2011
 
             
Cash
  $ 1,041,000     $ 1,135,000  
Money market fund
  $ 21,172,000       19,526,000  
Total
  $ 22,213,000     $ 20,661,000