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Earnings Per Share Data (Tables)
6 Months Ended
Jun. 30, 2013
Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2012

 

 

2013

 

 

2012

 

 

2013

 

 

(Unaudited)

 

 

(Unaudited)

 

 

(Unaudited)

 

 

(Unaudited)

 

Loss from continuing operations             

$

(581,844

)

 

$

(1,145,630

)

 

$

(905,356

)

 

$

(1,603,427

)

Net loss from discontinued operations             

 

 

 

 

 

 

 

(81,594

)

 

 

 

Net loss applicable to common stockholders - numerator for basic and diluted loss per share             

$

(581,844

)

 

$

(1,145,630

)

 

$

(986,950

)

 

$

(1,603,427

)

Weighted - average common shares and dilutive potential common shares outstanding - denominator for diluted earning per share             

 

  62,355,462

 

 

 

  62,386,490

 

 

 

  61,881,237

 

 

 

  62,386,490

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per common share (basic and diluted):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations             

$

(0.01

)

 

$

(0.02

)

 

 

(0.01

)

 

$

(0.03

)

Discontinued operations             

$

 

 

$

 

 

 

(0.00

)

 

$

 

Net loss             

$

(0.01

)

 

$

(0.02

)

 

 

(0.02

)

 

$

(0.03

)

 

Anti-Dilutive Securities Excluded From Diluted Earnings Per Share

 

Anti-dilutive securities excluded from diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options             

 

  4,235,835

 

 

 

  5,076,750

 

 

 

  4,298,335

 

 

 

  4,561,195

 

Private warrants             

 

  6,618,068

 

 

 

  6,618,068

 

 

 

  5,670,515

 

 

 

  6,618,068

 

Convertible preferred stock - Series E             

 

  16,000,000

 

 

 

  13,333,333

 

 

 

  16,000,000

 

 

 

  13,333,333