Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.3.1.900
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Schedule of Weighted Average Number of Shares

The following table sets forth the calculation of basic and diluted earnings (loss) per share for the years ended December 31, 2015, 2014 and 2013:

 

 

 

Years Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

Net loss

 

$

(27,563,535

)

 

$

(35,726,669

)

 

$

(42,699,458

)

Less loss attributable to noncontrolling interest

 

 

(855

)

 

 

—

 

 

 

—

 

Deemed dividend on beneficial conversion feature

   of MT Preferred Stock

 

 

(46,000

)

 

 

—

 

 

 

—

 

Net loss attributable to common stockholders

 

$

(27,608,680

)

 

$

(35,726,669

)

 

$

(42,699,458

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding (basic and diluted)

 

 

151,180,222

 

 

 

148,748,396

 

 

 

121,808,986

 

Loss per common share (basic and diluted)

 

$

(0.18

)

 

$

(0.24

)

 

$

(0.35

)