Year ended December 31,

2013

2012

2011

Numerator:

Net income (loss) applicable to common shareholders

$

(2,826,724

)

$

(614,578

)

$

37,091

Denominator:

Denominator for earnings per share (basic) ― weighted average shares

1,687,319

1,682,994

1,655,805

Denominator for earnings per share (diluted) ― weighted average shares

1,687,319

1,682,994

1,655,805

Net income (loss) per share applicable to common shareholders (basic):

$

(1.68

)

$

(0.37

)

$

0.02

Net income (loss) per share applicable to common shareholders (diluted):

$

(1.68

)

$

(0.37

)

$

0.02