Net Income (Loss) Per Common Share
 9 Months Ended
Sep. 30, 2012
Net Income (Loss) Per Common Share [Abstract]  
Net Income (Loss) Per Common Share
 
13. Net Income (Loss) Per Common Share
 
Basic income (loss) per common share is determined using the Two-Class Method and is computed by dividing net income (loss) attributable to Snap Interactive Inc. common shareholders by the weighted-average common shares outstanding during the period.  The Two-Class Method is an earnings allocation formula that determines income (loss) per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings.  Diluted income (loss) per common share reflects the more dilutive earnings per share amount calculated using the treasury stock method or the Two-Class Method.
 
The following table provides a reconciliation of basic and diluted net income (loss) per common share attributable to Snap Interactive Inc. common shareholders for the periods presented:
 
   
Three Months Ended
   
Nine Months Ended
 
   
September 30,
   
September 30,
 
   
2012
   
2011
   
2012
   
2011
 
        
(As Restated)
        
(As Restated)
 
Net income (loss) attributable to Snap Interactive, Inc. shareholders
 
$
302,306
   
$
121,185
   
$
(3,727,553
) 
 
$
(50,328
)
Net income (loss) allocated to participating securities
 
 
35,591
   
 
1,739
   
 
-
   
 
-
 
Net income (loss) attributable to Snap Interactive, Inc. common shareholders – basic
 
$
266,715
   
$
119,446
   
$
(3,727,553
) 
 
$
(50,328
)
Average number of common shares outstanding – basic
   
38,593,304
     
37,718,256
     
38,584,641
     
37,484,089
 
Dilutive effect of equity awards
   
1,091,830
     
4,605,714
     
-
     
-
 
Average number of common shares outstanding – diluted
   
39,685,134
     
42,323,970
     
38,584,641
     
37,484,089
 
                                 
Net income (loss) per common share attributable to Snap Interactive, Inc. common shareholders:
                               
Basic
 
$
0.01
   
$
0.00
   
$
(0.10
)
 
$
(0.00
) 
Diluted
 
$
0.01
   
$
0.00
   
$
(0.10
)
 
$
(0.00
) 
 
The following outstanding options, unvested restricted stock awards and warrants were excluded from the computation of diluted net income per share for the periods presented as their effect would have been anti-dilutive:
 
   
Three Months Ended
   
Nine Months Ended
 
   
September 30,
   
September 30,
 
   
2012
   
2011
   
2012
   
2011
 
                     
Options to purchase common stock
   
1,889,839
     
229,565
     
-
     
-
 
Unvested restricted stock awards
   
2,545,773
     
410,604
     
-
     
-
 
Common stock warrants
   
2,342,500
     
2,342,500
     
-
     
-