Annual report pursuant to Section 13 and 15(d)

Net Earnings (Loss) Per Share (EPS) (Tables)

v2.4.0.8
Net Earnings (Loss) Per Share (EPS) (Tables)
12 Months Ended
Dec. 31, 2013
Earnings (Loss) Per Share  
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.