NET LOSS PER SHARE - Note 2

9 Months Ended

Sep. 30, 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 period. 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 period, 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				Nine Months Ended
		September 30,				September 30,
		2016		2015		2016		2015
Numerator:
Net loss available for common shareholders - basic and diluted	$	(4,070)	$	(3,513)	$	(11,102)	$	(10,244)
Denominator:
Weighted-average common shares outstanding - basic and diluted		52,111		47,216		50,421		46,292
Net loss per share - basic and diluted	$	(0.08)	$	(0.07)	$	(0.22)	$	(0.22)

For the three and nine months ended September 30, 2016 and 2015, we excluded the following 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 9,126,000 and 8,218,000 shares of common stock, respectively, and 60,000 and 60,000 nonvested equity shares, respectively.