Note 15 - Net (Loss) Income Per Share of Common Stock

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Text Block]

15. Net (Loss) Income Per Share of Common Stock

Basic (loss) income per share is computed by dividing income attributable to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted (loss) income per share reflects the potential dilution of shares by adding other common stock equivalents, including common stock options, warrants, and restricted common stock, in the weighted average number of common shares outstanding for a period, if dilutive. Potentially dilutive shares are excluded from the computation if their effect is anti-dilutive. For the year ended December 31, 2012 and 2011, 6.1 million and 7.2 million potentially dilutive shares, respectively, were excluded from the computation of diluted loss per share because their effect on net loss per share was anti-dilutive. As a result of the net loss for the year ended December 31, 2012, there is no dilutive impact to the net loss per share calculation for the period.

The following table presents the calculation of basic and diluted net (loss) income per share:

	Years Ended December 31,
	2012			2011 (1)
Numerator:
Net (loss) income	$	(25,428	)	$	1,606
Denominator:
Basic weighted-average common shares		190,462			184,414
Effect of dilutive shares
Options		-			28
Warrants		-			-
Diluted weighted-average common shares		190,462			184,442
Basic net (loss) income per share	$	(0.13	)	$	0.01
Diluted net (loss) income per share	$	(0.13	)	$	0.01

(1) As recast to reflect the activity of SGT beginning January 1, 2011 combined with the balances of Solar Power, Inc. beginning March 31, 2011, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 5 —Acquisition of Solar Green Technology ).