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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2012
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 2 — EARNINGS PER SHARE

 

The following table presents a reconciliation of basic and diluted earnings per share for the three and six months ended June 30, 2012 and 2011, as follows:

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

Basic earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss to common stockholders

 

$

(4,231

)

$

(4,458

)

$

(8,091

)

$

(9,638

)

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

139,912,146

 

107,153,229

 

139,853,906

 

107,130,775

 

Basic net loss per share

 

$

(0.03

)

$

(0.04

)

$

(0.06

)

$

(0.09

)

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss to common stockholders

 

$

(4,231

)

$

(4,458

)

$

(8,091

)

$

(9,638

)

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

139,912,146

 

107,153,229

 

139,853,906

 

107,130,775

 

Common stock equivalents:

 

 

 

 

 

 

 

 

 

Stock options and unvested restricted stock units (1)

 

—

 

—

 

—

 

—

 

Weighted average number of common shares outstanding

 

139,912,146

 

107,153,229

 

139,853,906

 

107,130,775

 

Diluted net loss per share

 

$

(0.03

)

$

(0.04

)

$

(0.06

)

$

(0.09

)

 

 

(1)                    Stock options and unvested restricted stock units granted and outstanding of 9,565,287 and 2,380,438 as of June 30, 2012 and 2011, respectively, are excluded from the computation of diluted earnings per share due to the anti-dilutive effect as a result of the Company’s net loss for these respective periods.