**Exhibit      11**

|                                                             |   |   | **Year                ended December 31,** |   |
|------------------------------------------------------------------|--------|--------|--------------------------------------------|--------|
|                                                             |   |   | **2005**                                   |   |   | **2004** |   |   | **2003** |   |
| Basic:                                                           |   |   |                                       |   |   |   |   |   |   |   |
| Weighted                average shares outstanding               |   |   | 15,271,637                                 |   |   | 13,679,604 |   |   | 12,414,816 |   |
|                                                             |   |   |                                       |   |   |   |   |   |   |   |
| Net                Loss                                          |   | $      | (5,020                                     | )      | $ | (6,410 | ) | $ | (3,533 | ) |
|                                                             |   |   |                                       |   |   |   |   |   |   |   |
| Basic                loss per share:                             |   | $      | (0.33                                      | )      | $ | (0.47 | ) | $ | (0.28 | ) |
|                                                             |   |   |                                       |   |   |   |   |   |   |   |
| Diluted:                                                         |   |   |                                       |   |   |   |   |   |   |   |
| Weighted                average shares outstanding               |   |   | 15,271,637                                 |   |   | 13,679,604 |   |   | 12,414,816 |   |
|                                                             |   |   |                                       |   |   |   |   |   |   |   |
| 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                                                            |   |   | 15,271,637                                 |   |   | 13,679,604 |   |   | 12,414,816 |   |
|                                                             |   |   |                                       |   |   |   |   |   |   |   |
| Net                loss:                                         |   |   |                                       |   |   |   |   |   |   |   |
| Net                loss                                          |   | $      | (5,020                                     | )      | $ | (6,410 | ) | $ | (3,533 | ) |
|                                                             |   |   |                                       |   |   |   |   |   |   |   |
| Diluted                loss per share:                           |   |   |                                       |   |   |   |   |   |   |   |
| Total                                                            |   | $      | (0.33                                      | )      | $ | (0.47 | ) | $ | (0.28 | ) |