Note 9 - Earnings (Loss) Per Common Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 9.  Earnings (Loss) Per Common Share

The computation of basic net loss per share is based on the weighted average number of common shares outstanding for the period ended June 30, 2015 and June 30, 2014 for the Successor and Predecessor, respectively. The Predecessor net loss per share for the period ended June 30, 2014 reflects the weighted average of the underlying warrant shares issuable upon exercise of the 146,889 warrants at the exercise price of $0.01 per share. Diluted net loss per share as of June 30, 2014, does not include 123,667 restricted stock units and 1,727,667 stock options as their effect was anti-dilutive. 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 awards, stock options and restricted stock units using the treasury stock method, unless the impact is anti-dilutive. Diluted net loss per share as of June 30, 2015 does not include 249,550 stock awards, 535,312 stock options and 3,045,327 warrants as their effect was anti-dilutive.

	Three Months Ended						Six Months Ended
	Successor			Predecessor			Successor			Predecessor
	June 30, 2015			June 30, 2014			June 30, 2015			June 30, 2014
Net loss	$	(27,508,300	)	$	(44,660,059	)	$	(48,175,364	)	$	(67,249,945	)
Weighted Average Shares – Basic		37,639,352			17,079,991			37,583,491			17,080,079
Dilutive effect of stock options and restricted stock units		-			-			-			-
Weighted Average Shares - Diluted		37,639,352			17,079,991			37,583,491			17,080,079
Basic Loss Per Share	$	(0.73	)	$	(2.61	)	$	(1.28	)	$	(3.94	)
Diluted Loss Per Share	$	(0.73	)	$	(2.61	)	$	(1.28	)	$	(3.94	)