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Income (Loss) Per Share

9 Months Ended

Sep. 30, 2012

Income (Loss) Per Share [Abstract]

Income (loss) per share

Note 7: Income (loss) per share

The Company is required to present basic income (loss) per share and diluted income (loss) per share in its consolidated statements of operations. Basic income (loss) per share amounts are computed by dividing net income (loss) by the weighted average number of common shares outstanding. Diluted income (loss) per share reflects additional common shares that would have been outstanding if potentially dilutive common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and are determined using the treasury stock method. The Company is also required to provide a reconciliation of the numerator and denominator used in the computation of both basic and diluted income (loss) per share.

The stock options and non-vested restricted stock awards did not have an impact on the diluted earnings per share. The following is information about the computation of income (loss) per share for the three and nine months ended September 30, 2012 and 2011:

Three months ended September 30, 2012
		Net Income				Weighted Average Common Shares O/S				Amount
Basic and Diluted Income Per Share Income attributable to common shareholders		$	18,025				38,392,176			$	0.00
Three months ended September 30, 2011
		Net Loss				Weighted Average Common Shares O/S				Amount
Basic and Diluted Loss Per Share Loss attributable to common shareholders		$	255,459				38,362,727			$	0.01
Nine months ended September 30, 2012
		Net Income				Weighted Average Common Shares O/S				Amount
Basic and Diluted Income Per Share Income attributable to common shareholders		$	908,837				38,382,182			$	0.02
Nine months ended September 30, 2011
		Net Loss				Weighted Average Common Shares O/S				Amount
Basic and Diluted Loss Per Share Loss attributable to common shareholders		$	(15,902,507	)			38,362,727			$	(0.41	)

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The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

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-Section 55

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-URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

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-Section 50

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-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

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-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 40

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

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