Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

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.