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Net Income (Loss) per Common Share (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Earnings Per Share [Abstract]    
Schedule of Earnings Per Share, Basic and Diluted
The Company calculates dilutive potential common shares using the treasury stock method, which assumes the Company will use the proceeds from the exercise of stock options and warrants to repurchase shares of common stock to hold in its treasury stock reserves.
 
 
 
For the three months
 
 
 
March 31,
 
March 31,
 
 
 
2015
 
2014
 
 
 
 
 
 
 
 
 
Loss per share – Basic:
 
 
 
 
 
 
 
Numerator for basic income (loss) per share
 
$
243,000
 
$
(3,511,000)
 
Denominator for basic income (loss) per share
 
 
30,259,823
 
 
18,816,746
 
Basic income (loss) per common share
 
$
0.01
 
$
(0.19)
 
 
 
 
 
 
 
 
 
Loss per share – Diluted:
 
 
 
 
 
 
 
Numerator for diluted income (loss) per share
 
$
243,000
 
$
(3,511,000)
 
Adjust: Change in fair value of dilutive warrants outstanding
 
 
(1,009,000)
 
 
2,751,000
 
Numerator for diluted income (loss) per share
 
$
(766,000)
 
$
(760,000)
 
 
 
 
 
 
 
 
 
Denominator for basic income (loss) per share
 
 
30,259,823
 
 
18,816,746
 
Plus: Incremental shares underlying warrants outstanding
 
 
6,822,676
 
 
-
 
Denominator for diluted income (loss) per share
 
 
37,082,499
 
 
18,816,746
 
Diluted income (loss) per common share
 
$
(0.02)
 
$
(0.19)
 
As such, the diluted earnings per share calculation for those periods are calculated based upon the treasury stock method as follows:
 
 
 
(restated)
 
(restated)
 
(restated)
 
 
 
For the three months
 
For the year
 
For the six months
 
 
 
ended September 30,
 
ended December 31,
 
ended June 30,
 
(amounts in 000s, except share and per share data)
 
2014
 
2013
 
2013
 
 
 
 
 
 
 
 
 
 
 
 
Loss per share – Basic:
 
 
 
 
 
 
 
 
 
 
Numerator for basic income (loss) per share
 
$
2,723
 
$
1,322
 
$
237
 
Denominator for basic income (loss) per share
 
 
25,238,412
 
 
15,624,999
 
 
14,556,050
 
Basic income (loss) per common share
 
$
0.11
 
$
0.08
 
$
0.02
 
 
 
 
 
 
 
 
 
 
 
 
Loss per share – Diluted:
 
 
 
 
 
 
 
 
 
 
Numerator for diluted income (loss) per share
 
$
2,723
 
$
1,322
 
 
237
 
Adjust: Fair value of dilutive warrants outstanding
 
 
(3,429)
 
 
(5,020)
 
 
(2,149)
 
Numerator for diluted income (loss) per share
 
$
(706)
 
 
(3,698)
 
 
(1,912)
 
 
 
 
 
 
 
 
 
 
 
 
Denominator for basic income (loss) per share
 
 
25,238,412
 
 
15,624,999
 
 
14,556,050
 
Plus: Incremental shares underlying warrants outstanding
 
 
8,252,777
 
 
5,135,411
 
 
5,150,160
 
Denominator for diluted income (loss) per share
 
 
33,491,189
 
 
20,760,410
 
 
19,706,210
 
Diluted income (loss) per common share
 
$
(0.02)
 
$
(0.18)
 
$
(0.10)
 
 
 
 
(restated)
 
(restated)
 
 
 
 
For the three months
 
For the year
 
 
 
 
ended March 31,
 
ended December 31,
 
 
(amounts in 000s, except share and per share data)
 
2013
 
2010
 
 
 
 
 
 
 
 
 
 
 
Loss per share – Basic:
 
 
 
 
 
 
 
 
Numerator for basic income (loss) per share
 
$
1,514
 
$
3,880
 
 
Denominator for basic income (loss) per share
 
 
12,009,285
 
 
2,087,068
 
 
Basic income (loss) per common share
 
$
0.13
 
$
1.86
 
 
 
 
 
 
 
 
 
 
 
Loss per share – Diluted:
 
 
 
 
 
 
 
 
Numerator for diluted income (loss) per share
 
$
1,514
 
$
3,880
 
 
Adjust: Fair value of dilutive warrants outstanding
 
 
(2,756)
 
 
-
 
 
Numerator for diluted income (loss) per share
 
$
(1,242)
 
$
3,880
 
 
 
 
 
 
 
 
 
 
 
Denominator for basic income (loss) per share
 
 
12,009,285
 
 
2,087,068
 
 
Plus: Incremental shares underlying warrants outstanding
 
 
5,624,075
 
 
-
 
 
Denominator for diluted income (loss) per share
 
 
17,633,360
 
 
2,087,068
 
 
Diluted income (loss) per common share
 
$
(0.07)
 
$
1.86
(1)
 
 
(1)The impact of assumed exercise of warrants is not included because all of the warrants outstanding were “out of the money” during this period.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following potentially dilutive securities have been excluded from the computations of diluted weighted-average shares outstanding as they would be anti-dilutive:
 
 
 
March 31,
 
 
 
2015
 
2014
 
Shares underlying warrants outstanding
 
5,009,848
 
16,820,281
 
Shares underlying options outstanding
 
2,094,562
 
2,375,748
 
Unvested restricted stock
 
132,077
 
59,199
 
The following securities have been excluded from the dilutive per share computation as they are antidilutive:
 
 
 
December 31,
 
 
 
2014
 
2013
 
Shares underlying options outstanding
 
 
2,472,234
 
 
2,410,134
 
Shares underlying warrants outstanding
 
 
16,752,915
 
 
5,081,023
 
Unvested restricted stock
 
 
132,077
 
 
75,450