Weighted Average Shares (Tables)

6 Months Ended

Jun. 30, 2013

Weighted Average Shares [Abstract]

Schedule of Computation of Basic and Diluted Earnings per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the three and six month periods ended June 30, 2012 and 2013:

	For the three months ended						For the six months ended
	June 30,						June 30,
	2012			2013			2012		2013
Numerator
Net income (loss)	$	847,192		$	(457,209	)	$	661,715	$	(2,344,772	)
Effect on earnings of dilutive convertible debt		(225,266	)		--			233,068		--
Net income (loss) plus assumed conversions		621,926			(457,209	)		894,783		(2,334,772	)
Denominator
Basic weighted average shares outstanding		107,193,974			108,284,171			94,167,466		107,977,505
Effect of dilutive securities:
Stock options and warrants		--			--			2,939,613		--
Restricted stock units		2,935,000			--			2,935,000		--
Convertible debt		4,000,000			--			4,000,000		--
Diluted weighted average shares outstanding		114,128,974			108,284,171			104,042,079		107,977,505
Net income (loss) per common share
Basic	$	0.01		$	(0.00	)	$	0.01	$	(0.02	)
Diluted	$	0.01		$	(0.00	)	$	0.01	$	(0.02	)