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1. Nature of Activities and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2015

Proceeds from sale of land

Reconciles the number of shares utilized in the net income (loss) per share

The following table reconciles the number of shares utilized in the net income (loss) per share calculations for the three months ended March 31, 2015 and 2014:

		Three months ended March 31,
		2015				2014
		(In thousands, except per share amounts)

Net income (loss)		$	(8,643	)		$	7,687

Shares:
Weighted average shares outstanding—basic			20,595				20,007

Weighted average dilutive share equivalents from preferred shares			-				2,384
Weighted average dilutive share equivalents from stock options			-				167
Weighted average dilutive share equivalents from common warrants			-				94
Weighted average dilutive share equivalents from convertible promissory note			-				5
Weighted average shares outstanding—diluted			20,595				22,657


Earnings (loss) per share—basic		$	(0.42	)		$	0.38

Earnings (loss) per share—diluted		$	(0.42	)		$	0.34

Schedule of dilutive securities

The following table shows the number of potentially dilutive shares excluded from the diluted net income (loss) per share calculation as of March 31, 2015 and 2014:

		As of
		March 31, 2015				March 31, 2014

Series B preferred (convertible on a 10 to 1 basis)			1,558				-
Common stock options and warrants			1,251				1,137
Total number of potentially dilutive shares excluded from the basic and diluted net income (loss) per share calculation			2,809				1,137