Quarterly report pursuant to sections 13 or 15(d)

9. EARNINGS PER SHARE.

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9. EARNINGS PER SHARE.
 3 Months Ended
Mar. 31, 2012
Earnings Per Share [Text Block]
9. EARNINGS PER SHARE.

The following tables compute basic and diluted earnings per share (in thousands, except per share data):


    Three Months Ended March 31, 2012
    Loss
Numerator 		  Shares Denominator   Per-Share Amount
Net loss   $ (4,953 )                
Less: Preferred stock dividends     (315 )                
Basic and diluted loss per share:                        
Loss available to common stockholders   $ (5,268 )     86,222     $ (0.06 )

    Three Months Ended March 31, 2011
    Income (Loss) Numerator   Shares Denominator   Per-Share Amount
Net income   $ 18                  
Less: Preferred stock dividends     (312 )                
Basic and diluted loss per share:                        
Loss available to common stockholders   $ (294 )     13,582     $ (0.02 )

There were an aggregate of 3,213,000 and 8,108,000 potentially dilutive weighted-average shares from convertible securities outstanding as of March 31, 2012 and 2011, respectively. These convertible securities were not considered in calculating diluted net loss per share for the three months ended March 31, 2012 and 2011, as their effect would have been anti-dilutive.