XML 55 R40.htm IDEA: XBRL DOCUMENT v3.3.1.900
EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2015
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, 2015 and 2014:
 
 
2015
 
2014
Basic Earnings per Share
 
 
 
 
Numerator:
 
 
 
 
Net income (loss) available to common shareholders
 
$
(24,102,700
)
 
$
(5,546,243
)
Denominator:
 
 

 
 

Weighted-average common shares outstanding
 
28,181,096

 
23,807,780

Basic earnings per share
 
$
(0.86
)
 
$
(0.23
)
 
 
 
 
 
Diluted Earnings per Share
 
 
 
 
Numerator:
 
 
 
 
Net income (loss) available to common shareholders
 
$
(24,102,700
)
 
$
(5,546,243
)
Denominator:
 
 

 
 

Weighted-average shares outstanding
 
28,181,096

 
23,807,780

Effect of dilutive securities
 
 
 
 
Stock options and warrants
 
—

 
—

Preferred stock
 
—

 
—

Diluted weighted-average shares outstanding
 
28,181,096

 
23,807,780

Diluted earnings (loss) per share
 
$
(0.86
)
 
$
(0.23
)