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EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2014

EARNINGS (LOSS) PER SHARE

Schedule of reconciliation of net income and weighted average common shares outstanding for purposes of calculating basic and diluted earnings per share common share

		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2014			2013			2014			2013
		(Unaudited)						(Unaudited)
Basic:
Numerator:
Net income (loss)		$	(4,032,003	)	$	(4,004,029	)	$	247,700		$	2,347,443

Denominator:
Basic - weighted average common shares outstanding		21,957,167			21,831,665			21,956,620			21,777,561

Basic EPS		$	(0.18	)	$	(0.18	)	$	0.01		$	0.11

Diluted:
Numerator:

Net income (loss)		$	(4,032,003	)	$	(4,004,029	)	$	247,700		$	2,347,443

Denominator:
Weighted average common shares outstanding		21,957,167			21,831,665			21,956,620			21,777,561
Effect of Dilutive Securities:
Stock options		—			—			65,995			342,112
		21,957,167			21,831,665			22,022,615			22,119,673

Diluted EPS		$	(0.18	)	$	(0.18	)	$	0.01		$	0.11