| Schedule of Earnings Per Share, Basic and Diluted |
For periods of net loss, basic and diluted EPS are the same as the assumed exercise of stock options and warrants and the conversion of convertible debt are anti-dilutive.
| | | Year Ended December 31, | |
| | | 2013 | | 2012 | |
| | | | | | | | |
| Net (Loss) from Continuing Operations (A) | | $ | (10,146,228) | | $ | (4,747,387) | |
| | | | | | | | |
| Net Income (Loss) (B) | | $ | (10,146,228) | | $ | 322,840 | |
| Add - Interest savings from converted debt | | | — | | | 114,537 | |
| Adjusted Diluted Net Income (Loss) (F) | | $ | (10,146,228) | | $ | 437,377 | |
| | | | | | | | |
| Weighted Average Shares Outstanding: | | | | | | | |
| Weighted average basic shares outstanding (C) | | | 5,988,595 | | | 3,536,865 | |
| Dilutive effect of options and warrants | | | 2,984,199 | | | 31,354 | |
| Dilutive effect of convertible debt | | | - | | | 82,881 | |
| | | | | | | | |
| Weighted Average Dilutive Shares Outstanding (D) | | | 8,972,794 | | | 3,651,100 | |
| | | | | | | | |
| Earnings (Loss) Per Share From Continuing Operations | | | | | | | |
| Basic (A/C) | | $ | (1.69) | | $ | (1.34) | |
| Diluted (1)(2)
| | $ | (1.69) | | $ | (1.34) | |
| | | | | | | | |
| Earnings (Loss) Per Share | | | | | | | |
| Basic (B/C) | | $ | (1.69) | | $ | 0.09 | |
| Diluted (F/D) (1)
| | $ | (1.69) | | $ | 0.09 | |
| (1) | Due to net loss for period, dilutive loss per share is the same as basic. |
| (2) | Due to the antidilutive impact of the convertible debt under the if-converted method, the diluted earnings per share is the same as basic. |
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