Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2013

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)