Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v2.4.0.8
Earnings Per Share (Tables)
 9 Months Ended
Sep. 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 nine-month periods ended September 30, 2013 and 2012:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2013
 
2012
 
2013
 
2012
Net loss
$
(11,306,207
)
 
$
(9,098,600
)
 
$
(28,947,577
)
 
$
(21,922,494
)
Preferred stock dividends
—

 
(25,000
)
 
—

 
(75,000
)
Net loss attributable to common stockholders
$
(11,306,207
)
 
$
(9,123,600
)
 
$
(28,947,577
)
 
$
(21,997,494
)
 
 
 
 
 
 
 
 
Weighted average shares outstanding (basic and diluted)
121,117,562


102,332,983


117,740,754


97,042,832

Loss per common share (basic and diluted)
$
(0.09
)

$
(0.09
)

$
(0.25
)

$
(0.23
)