| 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 June 30, |
|
|
Six months ended June 30, |
|
| |
|
2014 |
|
|
2013 |
|
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
$ |
(13,233 |
) |
|
$ |
867 |
|
|
$ |
(14,817 |
) |
|
$ |
4,221 |
|
Weighted average shares outstanding |
|
|
26,191,311 |
|
|
|
25,111,713 |
|
|
|
26,034,995 |
|
|
|
24,957,183 |
|
Basic net income (loss) per common share |
|
$ |
(0.51 |
) |
|
$ |
0.03 |
|
|
$ |
(0.57 |
) |
|
$ |
0.17 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
$ |
(13,233 |
) |
|
$ |
867 |
|
|
$ |
(14,817 |
) |
|
$ |
4,221 |
|
Weighted average shares outstanding |
|
|
26,191,311 |
|
|
|
25,111,713 |
|
|
|
26,034,995 |
|
|
|
24,957,183 |
|
Effect of dilutive options and warrants |
|
|
- |
|
|
|
357,516 |
|
|
|
- |
|
|
|
357,516 |
|
Weighted average shares outstanding assuming dilution
|
|
|
26,191,311 |
|
|
|
25,469,229 |
|
|
|
26,034,995 |
|
|
|
25,314,699 |
|
Diluted net income (loss) per common share |
|
$ |
(0.51 |
) |
|
$ |
0.03 |
|
|
$ |
(0.57 |
) |
|
$ |
0.17 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 June 30, |
|
|
Six months ended June 30, |
|
| |
|
2014 |
|
|
2013 |
|
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Warrants |
|
|
28,885,570 |
|
|
|
35,683,943 |
|
|
|
28,885,570 |
|
|
|
35,683,943 |
|
Stock options |
|
|
11,941,700 |
|
|
|
1,967,284 |
|
|
|
11,941,700 |
|
|
|
1,967,284 |
|
Preferred stock Series A |
|
|
57,867,234 |
|
|
|
58,267,234 |
|
|
|
57,867,234 |
|
|
|
58,267,234 |
|
Preferred stock Series B |
|
|
20,000,000 |
|
|
|
20,000,000 |
|
|
|
20,000,000 |
|
|
|
20,000,000 |
|
Total |
|
|
118,694,504 |
|
|
|
115,918,461 |
|
|
|
118,694,504 |
|
|
|
115,918,461 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|