Earnings Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 13 – EARNINGS PER SHARE

     Basic earnings per share is computed by dividing net income attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects the potential dilution of securities by including other potential common stock, including convertible preferred stock, stock options and warrants, in the weighted average number of common shares outstanding for the period, if dilutive. The numerators and denominators used in the computations of basic and dilutive earnings per share are presented in the following table:

	December 31,
	2011			2010
BASIC
Net loss used in computing basic earnings per share	$	(40,797	)	$	(19,018	)
Basic earnings per share	$	(0.19	)	$	(0.16	)
Basic weighted average shares outstanding		213,935			119,075
DILUTED
Net loss used in computing diluted earnings per share	$	(40,797	)	$	(19,018	)
Diluted earnings per share	$	(0.19	)	$	(0.16	)
Weighted average outstanding shares of common stock		213,935			119,075
Potential common shares outstanding as of December 31:
Warrants outstanding		75,233			57,335
Options outstanding		29,578			26,838

For the years ended December 31, 2011 and 2010, 29.6 million and 26.8 million options, and 75.2 million and 57.3 million warrants, respectively were not included in the diluted earnings per share because the average stock price was lower than the strike price of these options and warrants.