Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Income (Loss) Per Common Share (Tables)

v2.4.0.8
Basic and Diluted Net Income (Loss) Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2014
Basic and Diluted Net Income (Loss) Per Common Share [Abstract]  
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
March 31,
  
 
  
2014
    
2013
  
 
  
   
 
Net income (loss)
  
$
(853
)
  
$
3,354
  
Weighted average shares outstanding
    
25,876,943
      
24,800,936
  
Basic net income (loss) per common share
  
$
(0.03
)
  
$
0.14
  
 
                
Net income (loss)
  
$
(853
)
  
$
3,354
  
Weighted average shares outstanding
    
25,876,943
      
24,800,936
  
Effect of dilutive options and warrants
    
-
      
355,265
  
Weighted average shares outstanding assuming dilution
    
25,876,943
      
22,156,201
  
Diluted net income (loss) per common share
  
$
(0.03
)
  
$
0.13
  
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:
 
  
   
 
 
  
   
 
 
  
March 31, 2014
    
March 31, 2013
  
Warrants
    
31,072,726
      
35,683,943
  
Stock options
    
11,944,200
      
863,904
  
Preferred stock Series A
    
58,067,234
      
58,267,234
  
Preferred stock Series B
    
20,000,000
      
20,000,000
  
Total
    
121,084,160
      
114,815,081