XML 26 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
EARNINGS (LOSS) PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2013
EARNINGS (LOSS) PER SHARE [Abstract]  
Basic and diluted earnings per share
For the year ended December 31, 2013, 2012 and 2011, the Company had a net loss, thus any effect of common stock equivalents outstanding would be antidilutive. For the years ended December 31, 2013 and 2012, the Company had 400,000 restricted shares outstanding, which were included in the total common shares issued and outstanding as at December 31, 2013 and 2012, respectively.
 
All figures in USD
 
2013
  
2012
  
2011
 
Numerator:
 
  
  
 
Net Income (Loss)
  
(105,417,590
)
  
(73,191,830
)
  
(72,298,337
)
Denominator:
            
Basic - Weighted Average Common Shares Outstanding
  
64,101,923
   
52,547,623
   
47,159,402
 
Dilutive – Weighted-Average Common Shares Outstanding
  
64,101,923
   
52,547,623
   
47,159,402
 
Income (Loss) per Common Share:
            
Basic
  
(1.64
)
  
(1.39
)
  
(1.53
)
Diluted
  
(1.64
)
  
(1.39
)
  
(1.53
)