Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v2.4.0.6
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 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 periods ended March 31, 2013 and 2012:

 

    Three Months Ended March 31,  
    2013     2012  
Net loss   $ (7,341,019 )   $ (6,989,072 )
Preferred stock dividends     -       (25,000 )
Net loss attributable to common stockholders   $ (7,341,019 )   $ (7,014,072 )
                 
Weighted average shares outstanding (basic and diluted)     113,763,600       94,074,918  
Loss per common share (basic and diluted)   $ (0.06 )   $ (0.07 )