XML 16 R39.htm IDEA: XBRL DOCUMENT v2.4.1.9
EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Basic and Diluted Earnings Per Share
The following is a reconciliation of the numerator and denominator for basic and diluted earnings per share for the years ended December 31, 2014, 2013, and 2012:
 
 
 
2014
 
2013
 
2012
Basic Earnings per Share
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
Net income (loss) available to common shareholders
 
$
(5,546,243
)
 
$
7,879,470

 
$
3,658,267

Denominator:
 
 

 
 

 
 
Weighted-average common shares outstanding
 
23,807,780

 
17,830,194

 
12,138,229

Basic earnings per share
 
$
(0.23
)
 
$
0.44

 
$
0.30

 
 
 
 
 
 
 
Diluted Earnings per Share
 
 

 
 

 
 
Numerator:
 
 

 
 

 
 
Net income (loss) available to common shareholders
 
$
(5,546,243
)
 
$
7,879,470

 
$
3,658,267

Denominator:
 
 

 
 

 
 
Weighted-average shares outstanding
 
23,807,780

 
17,830,194

 
12,138,229

Effect of dilutive securities
 
 

 
 

 
 
Stock options and warrants
 
—

 
1,033,633

 
1,215,014

Preferred stock
 
—

 
1,319,002

 
1,512,891

Diluted weighted-average shares outstanding
 
23,807,780

 
20,182,829

 
14,866,134

Diluted earnings (loss) per share
 
$
(0.23
)
 
$
0.39

 
$
0.25