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CALCULATION OF NET LOSS PER SHARE
 9 Months Ended
Jun. 30, 2016
Calculation of Net Loss per Share [Abstract]  
Calculation of Net Loss per Share

NOTE 9. CALCULATION OF NET LOSS PER SHARE

 

Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding. Diluted net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding plus additional common shares that would have been outstanding if dilutive potential common shares had been issued. For the purposes of this calculation, stock options are considered common equivalents in periods in which they have a dilutive effect. Stock options that are anti-dilutive are excluded from the calculation.

 

The following table presents the computation of basic and diluted net loss per share (in thousands, except per share data):  



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Nine Months Ended



 

June 30,

 

June 30,



 

2016

 

2015

 

2016

 

2015



 

 

 

 

 

 

 

 

Net loss

 

$

 (5,374)

 

$

 (4,123)

 

$

 (12,700)

 

$

 (46,808)

Weighted-average number of common shares outstanding

 

 

 11,815 

 

 

 11,448 

 

 

 11,717 

 

 

 11,307 



 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share

 

$

 (0.45)

 

$

 (0.36)

 

$

 (1.08)

 

$

 (4.14)

For the three and nine months ended June 30, 2016 and 2015 all common stock were anti-dilutive as a result of the Company’s net loss position.  As such, 389,373 shares and 242,200 shares, have not been included in the calculation of basic or diluted net loss per share, for the three months ended June 30, 2016 and 2015, respectively, and 398,725 shares and 272,700 shares, have not been included in the calculation of basic or diluted net loss per share, for the nine months ended June 30, 2016 and 2015, respectively.