Exhibit 11
| Year Ended December 31, | ||||||||
| 2011 | 2010 | |||||||
| Basic: | ||||||||
| Weighted average shares outstanding | 33,643,384 | 15,749,465 | ||||||
| Net loss (in thousands) | $ | (5,142 | ) | $ | (18,098 | ) | ||
| Basic loss per share | $ | (0.15 | ) | $ | (1.15 | ) | ||
| Diluted: | ||||||||
| Weighted average shares outstanding | 33,643,384 | 15,749,465 | ||||||
| Net effect of dilutive stock options and warrants based on the treasury stock method using the year-end market price, if higher than average market price | - | - | ||||||
| Total | 33,643,384 | 15,749,465 | ||||||
| Net loss (in thousands) | $ | (5,142 | ) | $ | (18,098 | ) | ||
| Diluted loss per share | $ | (0.15 | ) | $ | (1.15 | ) | ||