**Exhibit      11**

|                                                             |   | **Year                ended December 31,** |       |
|------------------------------------------------------------------|--------|--------------------------------------------|------------|
|                                                             |   | **2006**                                   |       | **2005** |   | **2004** |   |
| Basic:                                                           |   |                                       |       |   |   |   |   |   |   |   |
| Weighted                average shares outstanding               |   |                                       | 15,274,498 |   |   | 15,271,637 |   |   | 13,679,604 |   |
|                                                             |   |                                       |       |   |   |   |   |   |   |   |
| Net                Loss                                          |   | $                                          | (6,782     | ) | $ | (5,020 | ) | $ | (6,410 | ) |
|                                                             |   |                                       |       |   |   |   |   |   |   |   |
| Basic                loss per share:                             |   | $                                          | (0.44      | ) | $ | (0.33 | ) | $ | (0.47 | ) |
|                                                             |   |                                       |       |   |   |   |   |   |   |   |
| Diluted:                                                         |   |                                       |       |   |   |   |   |   |   |   |
| Weighted                average shares outstanding               |   |                                       | 15,274,498 |   |   | 15,271,637 |   |   | 13,679,604 |   |
|                                                             |   |                                       |       |   |   |   |   |   |   |   |
| 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                                                            |   |                                       | 15,274,498 |   |   | 15,271,637 |   |   | 13,679,604 |   |
|                                                             |   |                                       |       |   |   |   |   |   |   |   |
| Net                loss:                                         |   |                                       |       |   |   |   |   |   |   |   |
| Net                loss                                          |   | $                                          | (6,782     | ) | $ | (5,020 | ) | $ | (6,410 | ) |
|                                                             |   |                                       |       |   |   |   |   |   |   |   |
| Diluted                loss per share:                           |   |                                       |       |   |   |   |   |   |   |   |
| Total                                                            |   | $                                          | (0.44      | ) | $ | (0.33 | ) | $ | (0.47 | ) |

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