Loss Per Share

The following table provides a reconciliation of the denominators of the Company’s reported basic and diluted loss per share computations for the periods ended:



	Three Months Ended March 31,
	2014	2013
Weighted average number of common and common equivalent shares outstanding – basic and diluted	9,207,874	9,080,385

For the three months ended March 31, 2014 and 2013, 20,811 and 4,610 shares of common stock, respectively, issuable relative to stock options were excluded from the calculation of diluted shares because their inclusion would have been anti-dilutive, due to the Company’s net loss position.

In addition, for the three months ended March 31, 2014 and 2013, 522,246 and 642,446 shares of common stock, respectively, issuable relative to stock options were excluded from the calculation of diluted shares because their inclusion would have been anti-dilutive, due to the Company's net loss position and their exercise prices exceeding the average market price of the stock for the period.