For informational purposes, the following table represents fully diluted shares as of March 31, 2012, calculated on a non-weighted basis without giving effect to the portion of any period in which the diluted shares were outstanding. The dilutive effect of warrants and options in the table was calculated using the average closing market price of common stock for the three-month period ended March 31, 2012. A non-weighted basis for calculating fully diluted shares is a non-GAAP financial measure as defined under SEC rules.
|Diluted Shares as of|
|March 31, 2012|
|Common Stock Outstanding||17,614,483|
|Full dilution of preferred stock||10,714,286|
|Full dilution of warrants||5,411,309|
|Full dilution of outstanding stock options||293,578|
|Full dilution of restricted stock units||97,894|