NET LOSS PER SHARE - Note 2

9 Months Ended

Sep. 30, 2017

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. Net loss per share, assuming dilution, 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. Net loss per share, assuming dilution, 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,
		2017		2016		2017		2016
Numerator:
Net loss available for common shareholders - basic and diluted	$	(5,241)	$	(4,070)	$	(16,382)	$	(11,102)
Denominator:
Weighted-average common shares outstanding - basic and diluted		74,922		52,111		70,828		50,421
Net loss per share - basic and diluted	$	(0.07)	$	(0.08)	$	(0.23)	$	(0.22)

For the three and nine months ended September 30, 2017 and 2016, we excluded the following securities from net loss per share as the effect of including them would have been anti-dilutive: options outstanding and warrants exercisable into a total of 7,219,000 and 9,126,000 shares of common stock, respectively, and 60,000 and 60,000 nonvested restricted stock units, respectively.