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Basic and Diluted (Loss) Earnings per Share (Tables)
 6 Months Ended
Jun. 30, 2012
Computation of Basic and Diluted Net (Loss) Earnings Per Common Share

Basic and diluted net (loss) earnings per common share are computed as follows: 

 

    Three Months Ended June 30,  
    2012     2011  
    Loss     Shares     $ per
Share		     Income     Shares     $ per
Share		  
BASIC (LOSS) EARNINGS PER SHARE                                                
Net (loss) income   $ (2,268,914 )     14,147,049     $ (0.16 )   $ 1,962,495       13,456,310     $ 0.15  
EFFECT OF DILUTIVE SECURITIES                                                
Unvested restricted stock     -       -       -       -       1,065,658       (0.01 )
Unsecured convertible note     -       -       -       28,323       377,640       (0.01 )
DILUTED (LOSS) EARNINGS PER SHARE   $ (2,268,914 )     14,147,049     $ (0.16 )   $ 1,990,818       14,899,608     $ 0.13  

  

    Six months ended June 30,  
    2012     2011  
      Loss       Shares       $ per
Share		       Income       Shares       $ per
Share		  
BASIC (LOSS) EARNINGS PER SHARE                                                
Net (loss) income   $ (3,521,003 )     14,124,380     $ (0.25 )   $ 2,984,422       13,427,997     $ 0.22  
EFFECT OF DILUTIVE SECURITIES                                                
Unvested restricted stock     -       -       -       -       1,022,504       (0.01 )
Unsecured convertible note     -       -       -       56,372       377,640       -  
DILUTED (LOSS) EARNINGS PER SHARE   $ (3,521,003 )     14,124,380     $ (0.25 )   $ 3,040,794       14,828,141     $ 0.21