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Mezzanine Equity
9 Months Ended
Sep. 30, 2014
Temporary Equity Disclosure [Abstract]  
Mezzanine Equity
Note 13 – Mezzanine Equity
On July 14, 2014, holders of our Series A Perpetual Convertible Preferred Stock (the Preferred Shares) elected to convert the remaining 62,000 shares into 1,950,296 shares of common stock.
The following table summarizes the activity in mezzanine equity for the nine months ended September 30:
 
2014
 
2013
Beginning balance
$
60,361

 
$
153,372

Conversion of Preferred Shares
(62,000
)
 
(100,000
)
Accretion of beneficial conversion feature discount (Deemed dividend) (1)
1,639

 
6,573

Ending balance
$

 
$
59,945

(1)
Accretion includes an accelerated write-off of the unamortized discount of $0.8 million and $3.5 million related to the conversion of Preferred Shares during 2014 and 2013, respectively.