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Net Income (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Reconciliation of Numerator and Denominator used in Basic and Diluted Computation of New Loss Per Share

The following is a reconciliation of the numerator and denominator used in the basic and diluted computation of net loss per share:

	Three Months Ended   March 31,
	2016				2015
Numerator:
Net income (loss)	$	(4,051,395	)		$	1,289,114
Preferred stock dividends	—				(898,832		)
Net income (loss) available to common shareholders	$	(4,051,395	)		$	390,282
Denominator:
Basic weighted average shares outstanding	162,851,273				82,492,914
Effect of dilutive securities	—				53,608,855
Diluted weighted average shares outstanding	162,851,273				136,101,769
Net income (loss) per common share:
Basic	$	(0.02	)		$	0.01
Diluted	$	(0.02	)		$	0.01

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table includes the number of common stock equivalent shares that are not included in the computation of diluted income and (loss) per share, because the inclusion of such shares would be anti-dilutive or certain performance conditions have not been achieved.

	March 31,
	2016			2015
Stock options and warrants	50,000			50,000
Restricted stock	1,662,000			1,796,600
	1,712,000			1,846,600

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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