(Amounts in thousands except share and per share amounts)

Three Months Ended

September 30,

Nine Months Ended

September 30,

2013

2012

2013

2012

Numerator for basic earnings (loss) per share:

Net income (loss)

$

339

$

(2,726

)

$

(8,055

)

$

(10,265

)

Preferred dividends

(13

)

(13

)

(38

)

(38

)

Net income (loss) available to common shareholders

326

(2,739

)

$

(8,093

)

$

(10,303

)

Numerator for diluted earnings (loss) per share:

Net income (loss) available to common shareholders

$

326

$

(2,739

)

$

(8,093

)

$

(10,303

)

Preferred dividends

13

-

Interest expense on convertible debt

$

1

$

-

$

-

$

-

Net income (loss) for diluted earnings (loss) per share

$

340

$

(2,739

)

$

(8,093

)

$

(10,303

)

Denominator for basic earnings (loss) per share – weighted-average shares outstanding

83,750,636

70,308,374

79,751,523

68,991,196

Effect of dilutive securities

9,601,556

-

Denominator for diluted earnings (loss) per share – weighted-average shares outstanding

93,352,192

70,308,374

79,751,523

68,991,196

Basic income (loss) per share:

Net income (loss) per share

$

0.00

$

(0.04

)

$

(0.10

)

$

(0.15

)

referred dividends

(0.00

)

(0.00

)

(0.00

)

(0.00

)

Net income (loss) per share available to common shareholders

$

0.00

$

(0.04

)

$

(0.10

)

$

(0.15

)

Diluted income (loss) per share:

Net income (loss) per share

$

0.00

$

(0.04

)

$

(0.10

)

$

(0.15

)