Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2013

Earnings per Common Share [Abstract]

Reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations

The following table reconciles the numerators and denominators of the basic and diluted loss per share computations.

	March 31, 2013			March 31, 2012
Basic:
Net (loss) income attributable to common stockholders	$	(12,722,640	)	$	6,750,616
Weighted average common shares outstanding		37,511,326			29,561,655
Basic earnings per common share	$	(0.34	)	$	0.23
Diluted:
Effect of dilutive securities:
Net (loss) income	$	(12,722,640	)	$	6,750,616
Adjustments to Income for Dilutive options and warrants		—			—
		(12,722,640	)		6,750,616
Weighted average common shares outstanding		37,511,326			29,561,655
Effect of Dilutive options and warrants		—			24,381
Diluted weighted average common shares outstanding		37,511,326			29,586,036
Diluted earnings per common share	$	(0.34	)	$	0.23

Summary of total outstanding options and warrants

The following is the total outstanding options and warrants for the three months ended March 31, 2013 and 2012, respectively.

	March 31, 2013		March 31, 2012
Options and warrants to purchase Common Stock		6,222,166		7,076,172