NOTE 11 - LOSS 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,
	2012		2011

Net loss used in computing basic earnings per share	$	(21,825)	$	(40,797)
Basic and diluted earnings per share	$	(0.07)	$	(0.19)
Basic weighted average shares outstanding		299,647		213,935

Potential common shares outstanding as of December 31:
Warrants outstanding		38,155		75,233
Options outstanding		28,691		29,578

For the years ended December 31, 2012 and 2011, 28.7 million and 29.6 million options, and 38.2 million and 75.2 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.