Net Income (Loss) per Common Share

6 Months Ended

Jun. 30, 2015

Net Income Loss per Common Share [Abstract]

Net Income (Loss) per Common Share

4. Net Income (Loss) per Common Share

The following table sets forth the computation of basic and diluted net income (loss) per share for the periods indicated:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
Basic and diluted net income (loss) per common share calculation:
Net income (loss)	$	10,769,000	$	13,873,000	$	(3,724,000)	$	2,566,000
Accretion of redeemable convertible preferred stock		(1,828,000)		(318,000)		(2,166,000)		(632,000)
Net income (loss) attributable to common stockholders	$	8,941,000	$	13,555,000	$	(5,890,000)	$	1,934,000
Weighted average common shares outstanding - basic		5,667,170		3,671,801		4,960,416		3,661,314
Net income (loss) per share of common stock  - basic	$	1.58	$	3.69	$	(1.19)	$	0.53
Weighted average common shares outstanding - diluted		7,658,556		6,497,619		4,960,416		6,514,181
Net income (loss) per share of common stock - diluted	$	1.17	$	2.09	$	(1.19)	$	0.30

The following outstanding securities at June 30, 2015 and 2014 have been excluded from the computation of diluted weighted shares outstanding for the six months ended June 30, 2015 and 2014, as they would have been anti-dilutive:

	June 30,		June 30,
	2015		2014
Options		360,635		333,905
Warrants		1,209,650		544,754
Series B redeemable convertible preferred stock as converted		1,658,071		1,734,208
Escrow		-		240,000
Total		3,228,356		2,852,867