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Net (Loss) Income Per Common Share (Tables)
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Computation of Basic Net Income (Loss) Per Share

The following table sets forth the computation of basic net income (loss) per share:

 

 

Three Months

 

 

Three Months

 

 

Nine Months

 

 

Nine Months

 

 

ended September 30,

 

 

ended September 30,

 

 

ended September 30,

 

 

ended September 30,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Numerator for basic net (loss) income  per

   share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

$

(1,299

)

 

$

(878

)

 

$

12,643

 

 

$

(7,178

)

Preferred deemed dividend

 

 

 

 

 

 

 

(9,455

)

 

 

 

Less: Net (loss) income  attributed to

   participating securities

 

(9

)

 

 

(4

)

 

 

21

 

 

 

(36

)

Net (loss) income  attributable to common

   shareholders, net of (loss) income

   attributable to participating securities

$

(1,290

)

 

$

(874

)

 

$

3,167

 

 

$

(7,142

)

Denominator for basic net (loss) income  per

   share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

202,343,245

 

 

 

201,514,133

 

 

 

202,163,250

 

 

 

201,276,741

 

Weighted-average unvested restricted

   shares outstanding

 

(1,343,764

)

 

 

(1,128,769

)

 

 

(1,336,982

)

 

 

(1,000,070

)

Denominator for basic net (loss) income  per

   share:

 

200,999,481

 

 

 

200,385,364

 

 

 

200,826,268

 

 

 

200,276,671

 

Basic net (loss) income  per share

   attributable to common shareholders

$

(0.01

)

 

$

(0.00

)

 

$

0.02

 

 

$

(0.04

)

 

Schedule of Computation of Dilutive Effect, Calculated to Indicate Impact of Net Income and Anti-Dilutive Common Stock Equivalents

The following are the computations of the dilutive effect, calculated to indicate the impact if we had net income, and the anti-dilutive common stock equivalents excluded from the computations for the periods presented.

 

 

Three Months

 

 

Three Months

 

 

Nine Months

 

 

Nine Months

 

 

ended September 30,

 

 

ended September 30,

 

 

ended September 30,

 

 

ended September 30,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Numerator for diluted net (loss) income per

   share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

$

(1,299

)

 

$

(878

)

 

$

12,643

 

 

$

(7,178

)

Preferred deemed dividend

 

 

 

 

 

 

 

(9,455

)

 

 

 

Less: Net (loss) income  attributed to

   participating securities

 

(9

)

 

 

(4

)

 

 

21

 

 

 

(36

)

Net (loss) income  attributable to common

   shareholders, net of (loss) income

   attributable to participating securities

$

(1,290

)

 

$

(874

)

 

$

3,167

 

 

$

(7,142

)

Denominator for diluted net (loss) income

   per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

202,343,245

 

 

 

201,514,133

 

 

 

202,163,250

 

 

 

201,276,741

 

Weighted-average unvested restricted

   shares outstanding

 

(1,343,764

)

 

 

(1,128,769

)

 

 

(1,336,982

)

 

 

(1,000,070

)

Effect of dilutive potential shares *

 

 

 

 

 

 

 

37,045,988

 

 

 

 

Denominator for diluted net (loss) income

   per share:

 

200,999,481

 

 

 

200,385,364

 

 

 

237,872,256

 

 

 

200,276,671

 

Diluted net income (loss) per share

   attributable to common shareholders

$

(0.01

)

 

$

(0.00

)

 

$

0.01

 

 

$

(0.04

)

 

* 

There were no dilutive effects from any equity instruments for periods presented which did not have net income, therefore diluted net income (loss) per share was the same as basic net income (loss) for periods presented which reflect a net loss.