Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2013

Earnings (Loss) Per Share

Earnings (Loss) Per Share

3. Earnings (Loss) Per Share

The basic earnings (loss) per share was computed by dividing the net income or loss applicable to the Company’s common stockholders by the weighted average shares of common stock outstanding during each period.

Diluted earnings per share are computed using outstanding shares of common stock plus the Company’s Series J convertible preferred stock (the “Preferred Shares”) and common stock options and warrants that can be exercised or converted, as applicable, into common stock, par value $0.001, at March  31, 2013 and 2012. Diluted earnings per share are not indicated for the three month period ended March 31, 2012 because the effect would be anti-dilutive.

The reconciliations of the basic and diluted income (loss) per share for the income (loss) attributable to the Company’s shareholders are as follows:

	Three Months Ended March 31,
	2013		2012
Basic and Diluted Earnings (Loss) Per Share:
Net Income (Loss)	$	65,824	$	(95,960	)
Less: income attributable to noncontrolling interests	—		(19,217		)
Less: Series H Preferred Stock beneficial conversion feature	—		(3,681		)
Income (loss) attributable to common stockholders	$	65,824	$	(118,858	)
Shares (Denominator)
Weighted-average number of common shares:
Basic	2,294,321		108,983
Diluted	10,960,988		108,983
Earnings (Loss) Per Common Share
Basic — net income (loss)	$	0.03	$	(1.09	)
Diluted — net income (loss)	$	0.01	$	(1.09	)