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Nature of Business (Tables)
6 Months Ended
Jun. 30, 2013
Nature of Business  
Schedule of the computation of the common shares outstanding used in determining basic and diluted EPS

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Numerator for (loss) earnings per common share calculation:

 

 

 

 

 

 

 

 

 

Net (loss) income:

 

$

(1,183,107

)

$

2,651,037

 

$

(1,708,051

)

$

3,524,230

 

 

 

 

 

 

 

 

 

 

 

Denominator for earnings per common share calculation:

 

 

 

 

 

 

 

~

 

Weighted-average common shares, basic

 

40,710,542

 

1

 

20,467,732

 

1

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock options and restricted stock

 

 

 

 

 

Weighted-average common shares, diluted

 

40,710,542

 

1

 

20,467,732

 

1