EARNINGS PER SHARE
We compute basic earnings per share (“basic EPS”) by dividing the net income or loss by the weighted average number of common shares outstanding for the reporting period. Diluted earnings per share (“diluted EPS”) gives effect to all dilutive potential shares outstanding. The following table provides the computation of basic and diluted earnings per share. | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | (in thousands, except per share data) | 2017 | | 2016 | | 2017 | | 2016 | Numerator: | | | | | | | | Net loss available to common shareholders | $ | (1,308 | ) | | $ | (519 | ) | | (2,993 | ) | | (2,463 | ) | Effect of dilutive securities: | | | | | | | | Derivative liability - warrants | — |
| | — |
| | — |
| | — |
| Numerator for dilutive loss per common share | (1,308 | ) | | (519 | ) | | (2,993 | ) | | (2,463 | ) | | | | | | | | | Denominator: | | | | | | | | Weighted average shares used to compute basic loss per common share | 30,860 |
| | 27,051 |
| | 30,860 |
| | 27,051 |
| Effect of dilutive securities: | | | | | | | | Derivative liability - warrants | — |
| | — |
| | — |
| | — |
| Denominator for dilutive loss per common share | 30,860 |
| | 27,051 |
| | 30,860 |
| | 27,051 |
| | | | | | | | | Basic loss per common share | $ | (0.04 | ) | | $ | (0.02 | ) | | (0.10 | ) | | (0.09 | ) | Diluted loss per common share | $ | (0.04 | ) | | $ | (0.02 | ) | | (0.10 | ) | | (0.09 | ) |
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