Basic and Diluted Net Income (Loss) Per Common Share (Tables)

9 Months Ended

Sep. 30, 2014

Basic and Diluted Net Income (Loss) Per Common Share [Abstract]

Basic and diluted net income (loss) per share

Basic and diluted net income (loss) per share were determined as follows:

(in thousands, except share and per share amounts)	Three months ended September 30,						Nine months ended September 30,
	2014			2013			2014			2013

Net income (loss)	$	(2,209	)	$	(899	)	$	(17,026	)	$	3,322
Weighted average shares outstanding		532,258			508,655			524,595			502,349
Basic net income (loss) per common share	$	(4.15	)	$	(1.77	)	$	(32.46	)	$	6.61

Net income (loss)	$	(2,209	)	$	(899	)	$	(17,026	)	$	3,322
Weighted average shares outstanding		532,258			508,655			524,595			502,349
Effect of dilutive options and warrants		-			-			-			4,784
Weighted average shares outstanding assuming dilution		532,258			508,655			524,595			507,133
Diluted net income (loss) per common share	$	(4.15	)	$	(1.77	)	$	(32.46	)	$	6.55

Antidilutive securities excluded from computation of earnings per share

We did not include the following securities in the table below in the computation of diluted net income (loss) per common share because the securities were anti-dilutive during the periods presented:

	Three months ended September 30,				Nine months ended September 30,
	2014		2013		2014		2013

Warrants		577,756		712,879		577,756		712,879
Stock options		393,834		50,196		393,834		39,196
Preferred stock Series A		1,157,348		1,165,345		1,157,348		1,165,345
Preferred stock Series B		400,000		400,000		400,000		400,000
Total		2,528,938		2,328,420		2,528,938		2,317,420