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Net Loss Per Share
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Net Loss Per Share
Net Loss Per Share 

The following is a summary of the basic and diluted net loss per share computation for the years ended December 31, 2012 and 2011. The Company had no income or loss for the period from December 2, 2010 (date of inception) to December 31, 2010 (dollars in thousands, expect for shares and per share data):  
 
 
Year Ended December 31,
 
 
2012
 
2011
Net loss from continuing operations attributable to stockholders
 
$
(6,579
)
 
$
(1,759
)
Less: dividends declared on preferred shares
 
(368
)
 

Net loss from continuing operations attributable to common stockholders
 
(6,947
)
 
(1,759
)
Net loss from discontinued operations attributable to common stockholders
 
(699
)
 
(816
)
Net loss attributable to common stockholders
 
$
(7,646
)
 
$
(2,575
)
 
 
 
 
 
Weighted average common shares outstanding
 
9,150,785

 
2,045,320

Basic and diluted net loss per share from continuing operations attributable to common stockholders
 
$
(0.76
)
 
$
(0.86
)
Basic and diluted net loss per share from discontinued operations attributable to common stockholders
 
$
(0.07
)
 
$
(0.40
)
Basic and diluted net loss per share attributable to common stockholders
 
$
(0.84
)
 
$
(1.26
)


As of December 31, 2012, the Company had 886,376 OP Units issued, which are convertible to an equal number of shares of the Company's common stock, 197,803 shares of unvested restricted stock outstanding, 545,454 shares of the Company's Series A preferred convertible stock outstanding and 283,018 shares of the Company's Series B preferred convertible stock outstanding, which were excluded from the calculation of diluted loss per share as the effect would have been antidilutive.