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EARNINGS PER SHARE ("EPS")
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE ("EPS")
NOTE 13 – EARNINGS PER SHARE (“EPS”)
 
Basic EPS is computed by dividing net income or loss by the weighted average common shares outstanding during a period, including shares weighted related to vested Restricted Stock Units (“RSUs”) (see Note 11). Diluted EPS is based on the treasury stock method and computed based on the same number of shares used in the basic share calculation and includes the effect from potential issuance of common stock, such as shares issuable pursuant to the exercise of stock options and stock warrants, assuming the exercise of all in-the-money stock options and warrants. Common stock equivalents are excluded from the computation where their inclusion would be anti-dilutive. No such adjustments were made for either 2017 or 2016 as the Company reported a net loss for the three and six month periods, and including the effects of the common stock equivalents in the diluted EPS calculations would have been antidilutive. The weighted-average common shares outstanding (diluted) computation is not impacted during any period where the exercise price of a stock option is greater than the average market price.
 
A reconciliation of the numerators and denominators of basic and diluted EPS consisted of the following (in thousands except per share data):
 
 
 
Three months Ended
 
Six months Ended
 
 
 
June 30,
 
June  30,
 
 
 
2017
 
2016
 
2017
 
2016
 
EPS – basic and diluted
 
 
 
 
 
 
 
 
 
 
 
 
 
Numerator: net loss
 
$
(2,149)
 
$
(3,288)
 
$
(1,744)
 
$
(6,672)
 
Denominator (weighted):
 
 
 
 
 
 
 
 
 
 
 
 
 
Common shares
 
 
11,883
 
 
11,834
 
 
11,883
 
 
11,833
 
Vested RSUs
 
 
83
 
 
24
 
 
54
 
 
14
 
Basic and diluted weighted average shares outstanding
 
 
11,966
 
 
11,858
 
 
11,937
 
 
11,847
 
EPS – basic and diluted
 
$
(0.18)
 
$
(0.28)
 
$
(0.15)
 
$
(0.56)
 
 
Excluded securities (non-weighted):
 
 
 
 
 
 
 
 
 
 
 
 
 
Common shares issuable:
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock options
 
 
1,396
 
 
1,198
 
 
1,396
 
 
1,198
 
Nonvested RSUs
 
 
120
 
 
44
 
 
120
 
 
44
 
Common stock warrants
 
 
60
 
 
60
 
 
60
 
 
60
 
Total excluded common shares
 
 
1,576
 
 
1,302
 
 
1,576
 
 
1,302