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EARNINGS (LOSS) PER SHARE | 12 Months Ended
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Dec. 31, 2013
EARNINGS (LOSS) PER SHARE [Abstract] |
EARNINGS (LOSS) PER SHARE | 15. EARNINGS (LOSS) PER SHARE Basic earnings per share ("EPS") are computed by dividing net income/(loss) by the weighted-average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income by the weighted-average number of common shares and dilutive common stock equivalents outstanding during the period. For the year ended December 31, 2013, 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, 2013 and 2012, the Company had 400,000 restricted shares outstanding, which were included in the total common shares issued and outstanding as at December 31, 2013 and 2012, respectively.
All figures in USD |  | 2013 |  |  | 2012 |  |  | 2011 |
Numerator: |  |  |  |  |  |  |  |  |
Net Income (Loss) |  |  | (105,417,590 | ) |  |  | (73,191,830 | ) |  |  | (72,298,337 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic - Weighted Average Common Shares Outstanding |  |  | 64,101,923 |  |  |  | 52,547,623 |  |  |  | 47,159,402 |
Dilutive – Weighted-Average Common Shares Outstanding |  |  | 64,101,923 |  |  |  | 52,547,623 |  |  |  | 47,159,402 |
Income (Loss) per Common Share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | (1.64 | ) |  |  | (1.39 | ) |  |  | (1.53 | )
Diluted |  |  | (1.64 | ) |  |  | (1.39 | ) |  |  | (1.53 | )

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