Basic and Dilutive Net (Loss) Income Per Common Share

6 Months Ended

Jun. 30, 2013

Basic and Dilutive Net (Loss) Income Per Common Share

Basic and Dilutive Net Loss Per Common Share

10. Basic and Dilutive Net (Loss) Income Per Common Share

Basic net (loss) income per common share is computed by dividing net (loss) income by the weighted-average number of common shares outstanding during the period, excluding the dilutive effects of warrants to purchase common stock and options. Diluted net (loss) income per common share is computed by dividing the net (loss) income by the sum of the weighted-average number of common shares outstanding during the period plus the potential dilutive effects of warrants to purchase common stock, and options outstanding during the period calculated in accordance with the treasury stock method, but are excluded if their effect is anti-dilutive. Because the impact of these items were anti-dilutive during all periods, there was no difference between basic and diluted loss per common share for the three and six months ended June 30, 2013 and 2012.

The following potentially dilutive securities have been excluded from the computation of diluted weighted average shares outstanding, as they would be antidilutive:

	Three and Six Months Ended June 30,
	2013	2012
Warrants outstanding	—	365,000
Stock awards outstanding	2,308,000	1,871,000
Total potential dilutive shares	2,308,000	2,236,000