EARNINGS (LOSS) PER SHARE (Tables)

9 Months Ended

Sep. 30, 2013

EARNINGS (LOSS) PER SHARE

Schedule of reconciliation of net income (loss) and weighted average common shares outstanding for purposes of calculating basic and diluted net income (loss) per share

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	(Unaudited)					(Unaudited)
	2013			2012		2013			2012
Basic:
Numerator:
Net income (loss)	$	(3,951,687	)	$	1,111,642	$	(1,604,244	)	$	11,521,781
Denominator:
Basic - weighted average common shares outstanding	21,832,831			21,594,401		21,805,692			21,455,601
Basic EPS	$	(0.18	)	$	0.05	$	(0.07	)	$	0.54
Diluted:
Numerator:
Net income (loss)	$	(3,951,687	)	$	1,111,642	$	(1,604,244	)	$	11,521,781
Denominator:
Weighted average common shares outstanding	21,832,831			21,594,401		21,805,692			21,455,601
Effect of Dilutive Securities:
Stock options	—			328,525		—			400,339
	21,832,831			21,922,926		21,805,692			21,855,940
Diluted EPS	$	(0.18	)	$	0.05	$	(0.07	)	$	0.53