| Basic and diluted net income (loss) per share |
Basic and diluted net income (loss) per share were determined as follows:
(in thousands, except share and per share amounts) |
|
|
|
|
| |
|
|
|
|
|
|
| |
|
Three months ended September 30, |
|
|
Nine months ended September 30, |
|
| |
|
2013 |
|
|
2012 |
|
|
2013 |
|
|
2012 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
|
$(899 |
) |
|
|
$(15,311 |
) |
|
|
$3,322 |
|
|
|
$(31,682 |
) |
Weighted average shares outstanding |
|
|
25,432,750 |
|
|
|
24,173,705 |
|
|
|
25,117,447 |
|
|
|
24,135,585 |
|
Basic net income (loss) per common share |
|
|
$(0.04 |
) |
|
|
$(0.63 |
) |
|
|
$0.13 |
|
|
|
$(1.31 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
|
$(899 |
) |
|
|
$(15,311 |
) |
|
|
$3,322 |
|
|
|
$(31,682 |
) |
Weighted average shares outstanding |
|
|
25,432,750 |
|
|
|
24,173,705 |
|
|
|
25,117,447 |
|
|
|
24,135,585 |
|
Effect of dilutive options and warrants |
|
|
- |
|
|
|
- |
|
|
|
239,189 |
|
|
|
- |
|
|
Weighted average shares outstanding
assuming dilution
|
|
|
25,432,750 |
|
|
|
24,173,705 |
|
|
|
25,356,636 |
|
|
|
24,135,585 |
|
Diluted net income (loss) per common share |
|
|
$(0.04 |
) |
|
|
$(0.63 |
) |
|
|
$0.13 |
|
|
|
$(1.31 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Antidilutive securities excluded from computation of earnings per share |
We did not include the following securities in the table below in the computation of diluted net income (loss) per common share because the securities were anti-dilutive during the periods presented:
| |
|
Three months ended September 30, |
|
|
Nine months ended September 30, |
|
| |
|
2013 |
|
|
2012 |
|
|
2013 |
|
|
2012 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Warrants |
|
|
35,643,943 |
|
|
|
15,733,943 |
|
|
|
35,643,943 |
|
|
|
15,733,943 |
|
Stock options |
|
|
2,509,784 |
|
|
|
2,668,784 |
|
|
|
1,959,784 |
|
|
|
2,668,784 |
|
Preferred stock Series A |
|
|
58,067,234 |
|
|
|
20,264,551 |
|
|
|
58,267,234 |
|
|
|
20,264,551 |
|
Preferred stock Series B |
|
|
20,000,000 |
|
|
|
- |
|
|
|
20,000,000 |
|
|
|
- |
|
Total |
|
|
116,220,961 |
|
|
|
38,667,278 |
|
|
|
115,670,961 |
|
|
|
38,667,278 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|