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Income (Loss) Per Share

9 Months Ended

Sep. 30, 2013

Earnings 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, 2013 and 2012:

Three months ended September 30, 2013		Net Loss				Weighted Average Common Shares O/S				Amount
Basic and Diluted Loss Per Share
Loss attributable to common shareholders		$	(2,369,948	)			38,409,683			$	(0.06	)
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
Nine months ended September 30, 2013		Net Loss				Weighted Average Common Shares O/S				Amount
Basic and Diluted Loss Per Share
Loss attributable to common shareholders		$	(8,238,746	)			38,426,431			$	(0.21	)
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

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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 50

-Paragraph 1

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



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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

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-Section 45

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



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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

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



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

-Publisher FASB

-Name Accounting Standards Codification

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-URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258



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-Publisher FASB

-Name Accounting Standards Codification

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