NET LOSS PER SHARE - Note 2

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Net Loss Per Share - Note 2

2. NET LOSS PER SHARE

Basic net loss per share is calculated using the weighted-average number of common shares outstanding during the periods. Diluted net loss per share is calculated using the weighted-average number of common shares outstanding and the dilutive effect of all potentially dilutive securities, including common stock equivalents and convertible securities. Diluted net loss per share is equal to basic net loss per share because the effect of dilutive securities outstanding during the periods, including options and warrants computed using the treasury stock method, is anti-dilutive.

The components of basic and diluted net loss per share were as follows (in thousands, except loss per share data):

		Three Months Ended
		March 31,
		2016		2015
Numerator:
Net loss available for common shareholders - basic and diluted	$	(3,556)	$	(3,962)
Denominator:
Weighted-average common shares outstanding - basic and diluted		47,566		44,963
Net loss per share - basic and diluted	$	(0.07)	$	(0.09)

On March 31, 2016 and 2015, we excluded the following convertible securities from diluted net loss per share, as the effect of including them would have been anti-dilutive: options and warrants exercisable into a total of 8,172,000 and 7,885,000 shares of common stock, respectively, and 60,000 and 60,000 nonvested equity shares, respectively.