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Earning Per Share
9 Months Ended
Sep. 30, 2014
Accounting Policies [Abstract]  
Earning Per Share

NOTE 11.  EARNINGS PER SHARE

 

The Company follows ASC 260, Earnings Per Share, which requires companies to present basic earnings per share and diluted earnings per share. Basic earnings (loss) per share includes no dilution and is computed by dividing income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period.

 

The Company’s net loss for the periods presented caused the inclusion of certain outstanding warrants and options to purchase our Common Stock to be antidilutive. As of September 30, 2014 and December 31, 2013, there were Common Stock options and warrants exercisable for 6,171,593 (571,160 warrants and 5,600,433 options) and 5,731,246 (571,160 warrants and 5,160,086 options) shares of Common Stock, respectively, which were not included in diluted loss per share as the effect was antidilutive.

 

Weighted average shares outstanding for the three and nine-month periods ended September 30, 2013 have been revised for the effects of the rights offering (See Note 10, Rights Offering).