Earnings (Loss) Per Share (EPS) (Tables)

12 Months Ended

Dec. 31, 2012

Earnings (Loss) Per Share (EPS) [Abstract]

Basic EPS - Common Shares

Numerator		May 19, 2010 to December 31, 2010		2011		2012
Net (loss) / income available to common shares	$	(3,822)	$	12,953,386	$	13,176,164
Less: Series B-1 Preferred Shares dividends		-		-		(1,238,516)
Less: Redemption of preferred shares		-		-		(1,762,511)
Less: Income attributable to non-vested share awards		-		(103,947)		(189,769)
Net (loss) / income available to common shareholders	$	(3,822)	$	12,849,439	$	9,985,368
Denominator
Weighted average number of capital stock / common shares outstanding, basic		100		15,433,519		17,980,980
Net (loss) / income per capital stock / common share, basic	$	(38.22)	$	0.83	$	0.56

Diluted EPS - Common Shares

Numerator		May 19, 2010 to December 31, 2010		2011		2012
Net (loss) / income available to common shares	$	(3,822)	$	12,953,386	$	13,176,164
Less: Series B-1 Preferred Shares dividends		-		-		(1,238,516)
Less: Redemption of preferred shares		-		-		(1,762,511)
Plus: Dividends on Series B-1 Preferred Shares, if converted to common shares		-		-		864,133
Less: Income attributable to non-vested share awards		-		(103,947)		-
Net (loss) / income available to common shareholders	$	(3,822)	$	12,849,439	$	11,039,270
Denominator
Weighted average number of capital stock / common shares outstanding, basic		100		15,433,519		17,980,980
Effect of Series B-1 Preferred Shares, if converted to common shares		-		-		2,415,653
Weighted average number of capital stock / common shares outstanding, diluted		100		15,433,519		20,396,633
Net (loss) / income per capital stock / common share, diluted	$	(38.22)	$	0.83	$	0.54