Loss Per Share

Basic loss per share is computed by dividing net loss available to common stockholders by the weighted-average number of shares of common stock outstanding during the period. The weighted-average number shares of common stock outstanding does not include any potentially dilutive securities or any unvested restricted shares of common stock. These unvested restricted shares, although classified as issued and outstanding at December 31, 2014 and 2013, are considered contingently returnable until the restrictions lapse and will not be included in the basic earnings per share calculation until the shares are vested. Unvested shares of our restricted stock do not contain non-forfeitable rights to dividends and dividend equivalents.

Diluted loss per share includes the effect of all potentially dilutive securities on earnings per share. The difference between basic and diluted weighted-average shares outstanding is the dilutive effect of unvested restricted stock, stock options, and preferred stock. For the years ended December 31, 2014 and 2013, diluted net loss per share is the same as basic net loss per share due to the Company’s net loss attributable to common stockholders and the potential shares of common stock that could have been issuable have been excluded from the calculation of diluted net loss per share because the effects, as a result of our net loss attributable to common stockholders, would be anti-dilutive.

The following table represents a reconciliation of the basic and diluted loss per share computations contained in our consolidated financial statements (in thousands, except per share data):



	Year Ended
	December 31,
	2014			2013
Net loss	$	(2,755	)	$	(4,211	)
Less: preferred stock dividends	20			20
Net loss attributable to common stockholders	$	(2,775	)	$	(4,231	)

Weighted average shares outstanding - basic	34,885			30,525
Weighted average shares outstanding - diluted	34,885			30,525
Basic net loss per share	$	(0.08	)	$	(0.14	)
Diluted net loss per share	$	(0.08	)	$	(0.14	)

The weighted-average diluted shares of common stock outstanding as of December 31, 2014 excludes the effect of 1,300,000 out-of-the-money options, because their effect would be anti-dilutive.

The following table sets forth the potential shares of common stock that were excluded from diluted weighted-average shares of common stock outstanding (in thousands):



	Year Ended
	December 31,
	2014	2013
Unvested restricted stock	670	465
Shares of common stock issuable upon conversion of preferred stock, Series A-2	133	133
Stock options outstanding	1,350	1,792