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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

During the three and nine months ended September 30, 2012 and 2011 and the nine months ended September 30, 2011, we reported net income per share and included dilutive instruments in the fully diluted net income per share calculation.

 

Three Months Ended
September 30,
Nine Months Ended
September 30,
2012 2011 2012 2011
Numerator:
Net income (loss) $ 19,470 $ 59,447 $ (21,945 ) $ 12,376
Effect of dilutive securities – adjustment for:
Change in fair value of derivative liability Series C and D preferred stock and debentures 1,036 (43,727 ) - (12,457 )
Change in fair value of derivative liability - warrants 4,897 (568 ) - (2,263 )
Change in fair value of hybrid financial instruments 6,353 (17,631 ) - (4,203 )
Loss on extinguishment of debt - - - -
Interest expense on convertible debt (10 ) 1,152 2,802
$ 12,276 $ (60,774 ) $ (21,945 ) $ (16,121 )
Numerator for diluted earnings per share- income (loss) available to common stockholders after assumed conversions of debentures and exercise of warrants $ 31,746 $ (1,327 ) $ (21,945 ) $ (13,745 )
Denominator
Weighted average shares used to compute basic EPS 1,510,797,881 226,839,514 1,075,605,167 97,493,073
Effect of dilutive securities:
Employee stock options - - - -
Derivative warrants 1,091,953,786 1,910,389 - -
Convertible debentures 5,129,818,595 2,616,568,043 - 2,529,846,469
Convertible preferred stock 742,807,130 594,867,557 - 594,867,857
Dilutive potential common shares 6,964,579,511 3,213,345,989 - 3,124,714,326
Denominator for diluted earnings per share-adjusted weighted average shares and assumed conversions and exercise of options 8,475,377,392 3,440,185,503 1,075,605,167 3,222,207,399
Basic earnings per share $ 0.01 $ 0.26 $ (0.02 ) $ 0.13
Diluted earnings per share $ 0.00 $ (0.00 ) $ (0.02 ) $ (0.00 )