Note 12 - Net Loss Per Share

6 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

1

2

.   Net Loss

Per Share

Basic and diluted net loss per share is computed as follows:

	Three Months Ended						Six Months Ended
(in thousands, except per share data)	March 31,						March 31,
	2019			2018			2019			2018
Net loss	$	(12,522	)	$	(680	)	$	(17,477	)	$	(1,110	)
Accrued dividends on convertible preferred stock		(78	)		(77	)		(157	)		(152	)
Net loss applicable to common shareholders	$	(12,600	)	$	(757	)	$	(17,634	)	$	(1,262	)
Weighted average common shares outstanding - basic and diluted		303			85			262			84
Net loss per share attributable to common shareholders:
Basic and diluted	$	(41.52	)	$	(8.95	)	$	(67.36	)	$	(14.98	)

Basic net loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding.  Diluted net income per share is computed using the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and warrants and convertible preferred stock using the “treasury stock” method. For both the

three

and

six

months ended

March 31, 2019

and

2018,

the computation of diluted loss per share does

not

include all of stock options, warrants and convertible preferred stock as they are anti-dilutive.