Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v2.4.0.8
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the calculation of basic and diluted earnings (loss) per share for the three-month and six-month periods ended June  30,  2013 and 2012:

 

 

 

 

 

 

Three Months Ended

June 30,

 

Six Months Ended

June 30,

 

 

2013

 

2012

 

2013

 

2012

Net loss

 

$
(10,300,351)

 

$
(5,834,822)

 

$
(17,641,370)

 

$
(12,823,894)

Preferred stock dividends

 

--

 

(25,000)

 

--

 

(50,000)

Net loss attributable to common stockholders

 

$
(10,300,351)

 

$
(5,859,822)

 

$
(17,641,370)

 

$
(12,873,894)

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding (basic and diluted)

 

118,260,288 

 

94,664,659 

 

116,024,366 

 

94,368,690 

Loss per common share (basic and diluted)

 

$
(0.09)

 

$
(0.06)

 

$
(0.15)

 

$
(0.14)