Loss per Common Share

3 Months Ended

Mar. 31, 2012

Loss per Common Share

Loss per Common Share

NOTE 8:   Loss per Common Share

The following table sets forth the computation of basic and diluted loss per common share (in thousands, except per share data):

	Three Months EndedMarch 31,
	2012			2011
	(Unaudited)
Numerator:
Loss applicable to common stockholders	$	(25,650	)	$	(30,974	)
Denominator:
Denominator for basic and diluted loss per common share	18,990			17,824
Loss per common share:
Basic and diluted	$	(1.35	)	$	(1.74	)

The calculation of diluted loss per common share for the three months ended March 31, 2012, excludes options to purchase 588,791 shares of common stock; 374,009 shares of unvested restricted stock; and preferred stock convertible into 5,642,759 shares of common stock, because the effect would be anti-dilutive.

The calculation of diluted loss per common share for the three months ended March 31, 2011, excludes options to purchase 383,396 shares of common stock; warrants to purchase 237,306 shares of common stock; 302,627 shares of unvested restricted stock; and preferred stock convertible into 4,984,024 shares of common stock, because the effect would be anti-dilutive.

At March 31, 2012 and December 31, 2011, there were outstanding warrants to purchase 3,735,000 shares of common stock.