Net Income (Losses). The Company’ s net income for the fiscal year ended December 31, 2013 was approximately $4.0 million compared to a net loss of ($21.5 million) during th e fiscal year ended December 31, 2012. The income for the fiscal year ended December 31, 2013 consisted of operating losses of approximately ($2.5 million) in 2013 and other income of $6.5 mi llion, primarily non- cash income related to a decrease in value of the mark to market deriva tive liabilities for securities issued with the Com pany’ s senior convertible debentures and related warrants.
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