RECONCILIATION OF NON-GAAP FINANCIAL MEASURES | ||||||||||
FOR THE THREE MONTHS ENDED March, 2011 AND 2010 | ||||||||||
Three months Ended March 31, 2011 | Three months Ended March 31, 2010 | |||||||||
Net Income (Loss) Diluted EPS | Net Income | Diluted EPS | Net Income | Diluted EPS | ||||||
Adjusted Net Income - Non GAAP | $ | 7,965,131 | $ | 0.31 | $ | 7,574,186 | $ | 0.29 | ||
Non-cash employee compensation (1) | $ | 1,174,882 | $ | 0.05 | $ | 571,893 | $ | 0.03 | ||
Income in fair value of derivative liabilities (2) | $ | (508,037) | $ | (0.04) | $ | - | $ | - | ||
Interest of Convertible Notes (3) | $ | 1,503,139 | $ | 0.06 | $ | - | $ | - | ||
Adjusted Net Income for diluted net income per share | $ | 5,795,147 | $ | 0.25 | $ | 7,002,293 | $ | 0.26 | ||
Interest on the Notes | $ | - | $ | 0.00 | $ | 172,121 | $ | 0.01 | ||
Change in fair value of embedded conversion option in the Notes | $ | - | $ | 0.00 | $ | (2,057,342) | $ | (0.08) | ||
Change in fair value of warrants | $ | (513,828) | $ | 0.00 | $ | (1,776,235) | $ | (0.07) | ||
Net Income attributable to controlling interest | $ | 6,308,975 | $ | 0.25 | $ | 10,663,749 | $ | 0.40 | ||
Weighted average number of Shares | 25,680,648 | 26,471,425 | ||||||||
