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Note 14 - Earnings / (Loss) Per Share | 12 Months Ended
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Dec. 31, 2013
Earnings Per Share [Abstract] |
Earnings Per Share [Text Block] |
14. | Earnings / (Loss) Per Share
Basic and diluted earnings / (loss) per common share are computed as follows:
|  | 2011 |  |  | 2012 |  |  | 2013 |
Income: |  |  |  |  |  |  |  |  |
Net income/(loss) |  |  | 1,115,989 |  |  |  | (13,198,741 | ) |  |  | (103,424,827 | )
Basic earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares – Outstanding |  |  | 31,794,381 |  |  |  | 38,950,100 |  |  |  | 45,442,841 |
Basic earnings/(loss) per share |  |  | 0.04 |  |  |  | (0.34 | ) |  |  | (2.28 | )
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |
Non-vested incentive stock awards |  |  | 51,699 |  |  |  | - |  |  |  | - |
Weighted average common shares – Outstanding |  |  | 31,846,080 |  |  |  | 38,950,100 |  |  |  | 45,442,841 |
Diluted earnings /(loss) per share |  |  | 0.04 |  |  |  | (0.34 | ) |  |  | (2.28 | )
The Company excluded the dilutive effect of 150,928 (2012: 0) non-vested stock awards in calculating dilutive EPS for its common shares as their effect was anti-dilutive.

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