Net Income (Loss) Attributable to Common Stockholders
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Jun. 30, 2013
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Net Income (Loss) Attributable to Common Stockholders | 3. Net Income (Loss) Attributable to Common Stockholders We compute basic earnings (loss) per share (“EPS”) in accordance with ASC 260. Under ASC 260, basic EPS is the amount of earnings available to each share of common stock outstanding during the reporting period. Diluted EPS is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares. Potentially dilutive common shares include incremental shares issued for stock options, convertible preferred stock and warrants. Potentially dilutive common shares are excluded from the computation of dilutive EPS in periods in which the effect would be antidilutive. We consider all series of our convertible preferred stock to be participating securities due to their non-cumulative dividend rights. Earnings allocated to these participating securities, which include participation rights in undistributed earnings (see Note 7 – Preferred Stock), are subtracted from net income to determine total undistributed earnings to be allocated to common stockholders. All participating securities are excluded from basic weighted-average common shares outstanding. The effects of outstanding stock options, convertible preferred stock and warrants are excluded from the computation of diluted net income (loss) per common share in periods in which the effect would be antidilutive. The following is a reconciliation of basic EPS to diluted EPS for the three and six months ended June 30, 2013 and 2012:
The following table summarizes the weighted average common shares excluded from the dilutive EPS calculation as they were deemed to be antidilutive for the three and six months ended June 30, 2013 and 2012:
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