XML 55 R38.htm IDEA: XBRL DOCUMENT v3.6.0.2
EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2016
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, 2016 and 2015:
 
 
2016
 
2015
Basic Earnings per Share
 
 
 
 
Numerator:
 
 
 
 
Net income (loss) available to common shareholders
 
$
(15,537,395
)
 
$
(24,102,700
)
Denominator:
 
 

 
 

Weighted-average common shares outstanding
 
30,520,820

 
28,181,096

Basic earnings per share
 
$
(0.51
)
 
$
(0.86
)
 
 
 
 
 
Diluted Earnings per Share
 
 
 
 
Numerator:
 
 
 
 
Net income (loss) available to common shareholders
 
$
(15,537,395
)
 
$
(24,102,700
)
Denominator:
 
 

 
 

Weighted-average shares outstanding
 
30,520,820

 
28,181,096

Effect of dilutive securities
 
 
 
 
Stock options and warrants
 
—

 
—

Preferred stock
 
—

 
—

Diluted weighted-average shares outstanding
 
30,520,820

 
28,181,096

Diluted earnings (loss) per share
 
$
(0.51
)
 
$
(0.86
)