Earnings per Share

3 Months Ended

Mar. 31, 2015

Earnings per Share

Earnings per Share

Note 8. Earnings per Share

        The following table illustrates the required disclosure of the reconciliation of the numerators and denominators of the basic and diluted net income per share computations during the three months ended March 31, 2015 and 2014 (dollars in thousands, except per share amounts):

	Three Months Ended March 31,
	2015			2014
	(unaudited)
Net loss available to common stockholders	$	(6,164	)	$	(2,333	)
Shares outstanding:
Weighted average shares outstanding		46,494,638			23,311,492
Net loss per common share:
Basic	$	(0.13	)	$	(0.10	)

        As the accounting acquirer in the Merger and in accordance with the applicable accounting guidance in ASC 805, for purposes of computing comparative earnings per share, the Company has presented the historical weighted average number of common shares outstanding multiplied by the exchange ratio established in the Merger Agreement (see Note 2) for the three months ended March 31, 2014. At the Merger Date, there were no dilutive securities outstanding.