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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share, Basic and Diluted

The computation of basic and diluted earnings per share is presented below.

 

     Three months ended
June 30, 2013
     Three months ended
June 30, 2012
    Six months ended
June 30, 2013
    Six months ended
June 30, 2012
 
     (unaudited)      (unaudited)     (unaudited)     (unaudited)  

Numerator

         

Net income (loss) attributable to the Company for basic computation

   $ 1,310,592       $ (1,653,654   $ (1,284,325   $ (3,948,008

Effect of the issuance of dilutive shares on the net loss attributable to the noncontrolling interest

     40,725         (22,379     (24,208     (39,627
  

 

 

    

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to the Company for dilutive computation

   $ 1,351,317       $ (1,676,033   $ (1,308,533   $ (3,987,635
  

 

 

    

 

 

   

 

 

   

 

 

 

Denominator

         

Weighted average number of common shares outstanding for basic computation

     10,156,927         9,999,786        10,118,862        9,991,445   

Dilutive effect of warrants

     975,615         623,856        911,582        451,354   
  

 

 

    

 

 

   

 

 

   

 

 

 

Weighted average number common shares outstanding for dilutive computation

     11,132,542         10,623,642        11,030,444        10,442,799   
  

 

 

    

 

 

   

 

 

   

 

 

 

Basic net income (loss) per share

   $ 0.13       $ (0.17   $ (0.13   $ (0.40
  

 

 

    

 

 

   

 

 

   

 

 

 

Diluted net income (loss) per share

   $ 0.12       $ (0.16   $ (0.12   $ (0.38