XML 15 R39.htm IDEA: XBRL DOCUMENT v2.4.0.6
EARNINGS (LOSS) PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2012
EARNINGS (LOSS) PER SHARE [Abstract]  
Basic and diluted earnings per share
For the year ended December 31, 2012 and 2011, the Company had a net loss, thus any effect of common stock equivalents outstanding would be antidilutive. For the years ended December 31, 2012 and 2011, the Company had 400,000 restricted shares outstanding, which were included in the total common shares issued and outstanding as at December 31, 2012 and 2011, respectively.


All figures in USD
 
2012
 
 
2011
 
 
2010
 
Numerator:
 
 
 
 
 
 
 
 
 
Net Income (Loss)
 
 
(73,191,830
)
 
 
(72,298,337
)
 
 
(809,130
)
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
Basic - Weighted Average Common Shares Outstanding
 
 
52,547,623
 
 
 
47,159,402
 
 
 
46,551,564
 
Dilutive – Weighted-Average Common Shares Outstanding
 
 
52,547,623
 
 
 
47,159,402
 
 
 
46,551,564
 
Income (Loss) per Common Share:
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
 
(1.39
)
 
 
(1.53
)
 
 
(0.02
)
Diluted
 
 
(1.39
)
 
 
(1.53
)
 
 
(0.02
)