Quarterly report pursuant to Section 13 or 15(d)

Per Share Data

v3.2.0.727
Per Share Data
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Per Share Data
Per Share Data

Basic net (loss) income per common share is computed by dividing net (loss) income attributable to the Company, decreased in the case of income and increased in the case of loss by dividends declared on preferred stock, by the weighted-average number of common shares outstanding. The dilutive effect of incremental common shares potentially issuable under outstanding options and warrants and unvested restricted stock is included in diluted earnings per share utilizing the treasury stock method. A reconciliation of basic and diluted common shares used in the computation of per share data follows:
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2015
 
2014
 
2015
 
2014
Basic weighted-average shares
184,743,052

 
181,739,505

 
184,870,096

 
181,621,442

Effect of dilutive securities:
 
 
 
 
 
 
 
     Options to purchase common stock
—

 
—

 
—

 
13,829,376

     Warrants to purchase common stock
—

 
—

 
—

 
7,276,623

Dilutive potential common shares
—

 
—

 
—

 
21,105,999

Weighted average common shares outstanding and dilutive potential common shares
184,743,052

 
181,739,505

 
184,870,096

 
202,727,441

Net (loss) income per share available to common shareholders:
 
 
 
 
 
 
 
Basic
$
(0.05
)
 
$
(0.00
)
 
$
(0.11
)
 
$
0.00

Diluted
$
(0.05
)
 
$
(0.00
)
 
$
(0.11
)
 
$
0.00




For the three and six months ended June 30, 2015, options and warrants to purchase 57,520,238 shares of common stock and 1,220,490 restricted shares of common stock were not included in the computation of diluted loss per share as the effect would have been anti-dilutive. For the three and six months ended June 30, 2014, options and warrants to purchase 56,808,207 and 6,540,500 shares of common stock, respectively, were not included in the diluted computation as the effect would have been anti-dilutive.