Note 14 - Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

14. Earnings (Loss) Per Share

Earnings or loss per share is calculated by dividing the net income or loss for the period by the weighted average number of shares of common stock outstanding during the period. Diluted earnings or loss per share (“Diluted EPS”) is calculated by dividing the net income or loss for the period by the total of the weighted average number of shares of common stock outstanding during the period plus the effects of any dilutive securities. Diluted EPS considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of such potential shares of common stock would have an anti-dilutive effect. During all periods presented in our Condensed Consolidated Statements of Operations, potentially dilutive securities included shares of common stock potentially issuable upon exercise of stock options, release of unvested restricted stock awards and exercise of warrants. Diluted EPS excludes the impact of potential issuance of shares of common stock related to our stock options in periods in which the exercise price of the stock option is greater than the average market price of our common stock during such periods.

For the three-month period ended June 30, 2014, 36,087,285 shares of common stock equivalents were excluded from the computation of dilutive loss per share since their effect would be anti-dilutive.

For the six-month periods ended June 30, 2014 and 2013, 36,087,285 and 34,782,222 shares of common stock equivalents, respectively, were excluded from the computation of dilutive loss per share since their effect would be anti-dilutive.

The following table sets forth the computation of basic and diluted earnings per share for the three-month period ended June 30, 2013:

Numerator
	Net income from continuing operations	$	3,305,100
	Loss from discontinued operations, net of tax	$	—
Denominator
	Basic earnings per share - weighted-average shares outstanding		85,823,258
	Effect of dilutive stock options		8,968,770
	Effect of dilutive warrants		6,531,717
	Diluted earnings per share - weighted-average shares outstanding		101,323,745
Earnings (Loss) Per Share
Basic earnings per share		$	0.04
Diluted earnings per share		$	0.03