XML 46 R36.htm IDEA: XBRL DOCUMENT v2.4.1.9
EARNINGS (LOSS) PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2014
EARNINGS (LOSS) PER SHARE [Abstract]  
Basic and diluted earnings per share
For the year ended December 31, 2014, 2013 and 2012, the Company had a net loss, thus any effect of common stock equivalents outstanding would be antidilutive. For the years ended December 31, 2014 and 2013, the Company had 400,000 restricted shares outstanding, which were included in the total common shares issued and outstanding as at December 31, 2014 and 2013, respectively.
 

All figures in USD
 
2014
  
2013
  
2012
 
Numerator:
      
Net Loss
  
(12,808,441
)
  
(105,417,590
)
  
(73,191,830
)
Denominator:
            
Basic - Weighted Average Common Shares Outstanding
  
85,401,179
   
64,101,923
   
52,547,623
 
Dilutive – Weighted-Average Common Shares Outstanding
  
85,401,179
   
64,101,923
   
52,547,623
 
Loss per Common Share:
            
Basic
  
(0.15
)
  
(1.64
)
  
(1.39
)
Diluted
  
(0.15
)
  
(1.64
)
  
(1.39
)