Earnings Per Common Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 10.  Earnings Per Common Share

The computation of basic net loss per share is based on the weighted average number of common shares outstanding during the period. Weighted average shares outstanding for the year ended December 31, 2012, includes the weighted average underlying Warrant Shares issuable upon exercise of the 327,978 warrants at the exercise price of $0.01 per share. In accordance with the accounting literature, the Company has given effect to the issuance of these warrants in computing basic net loss per share because the underlying shares are issuable for little or no cash consideration. Diluted net loss per share gives effect to stock options and restricted stock units using the treasury stock method, unless the impact is anti-dilutive. Diluted net loss per share as of December 31, 2012 does not include 348,289 restricted stock units and 1,908,371 stock options as their effect was anti-dilutive.

	2012	2011	2010
Net Income (loss)	$(102,800,903)	$(14,819,749)	$26,844,650
Weighted Average Shares - Basic	16,328,132	15,655,443	15,551,108
Dilutive effect of stock options and restricted stock units	-	-	53,203
Weighted Average Shares - Diluted*	16,328,132	15,655,443	15,604,311
Basic Earnings Per Share	$(6.30)	$(0.95)	$1.73
Diluted Earnings Per Share	$(6.30)	$(0.95)	$1.72

*Adjusted to give effect to the 1 for 4 reverse stock split that became effective on May 22, 2012, see Note 11.