| 3. |
Earnings/Loss Per Share |
Basic earnings per share is computed by dividing income available to common
shareholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) for the period. Diluted
earnings per share assume that any dilutive convertible securities outstanding were converted, with related preferred stock dividend
requirements and outstanding common shares adjusted accordingly. It also assumes that outstanding common shares were increased
by shares issuable upon exercise of those stock options for which market price exceeds the exercise price, less shares which could
have been purchased by us with the related proceeds. In periods of losses, diluted loss per share is computed on the same basis
as basic loss per share as the inclusion of any other potential shares outstanding would be anti-dilutive.
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