Earnings Per Common Share (EPS)

9 Months Ended

Sep. 30, 2014

Earnings Per Common Share (EPS) [Abstract]

Earnings Per Share [Text Block]

13. Earnings Per Common Share (EPS)

The computations of basic and diluted EPS were as follows for the periods presented below:

	THREE MONTHS ENDED				NINE MONTHS ENDED
	SEPTEMBER 30,				SEPTEMBER 30,
	2014		2013		2014		2013
	(Unaudited)				(Unaudited)
Basic EPS Computation:
Net (loss) income	$	(5,901,696)	$	294,821	$	(7,497,633)	$	398,903
Weighted average number of common shares		73,195,464		63,824,647		71,029,985		63,776,387
Basic EPS	$	(0.081)	$	0.005	$	(0.106)	$	0.006
Basic EPS Computation:
Net (loss) income	$	(5,901,696)	$	294,821	$	(7,497,633)	$	398,903
Weighted average number of common shares		73,195,464		63,824,647		71,029,985		63,776,387
Incremental shares from assumed conversions of stock options		-		189,712		-		326,695
Adjusted weighted average number of common shares		73,195,464		64,014,359		71,029,985		64,103,082
Diluted EPS	$	(0.081)	$	0.005	$	(0.106)	$	0.006