CALCULATION OF NET LOSS PER SHARE

6 Months Ended

Mar. 31, 2017

Calculation of Net Loss per Share [Abstract]

Calculation of Net Loss per Share

NOTE 6.  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, unexercised stock options and common shares in respect of unvested restricted stock awards are considered common equivalents in periods in which they have a dilutive effect. Unexercised stock options and common shares in respect of unvested restricted stock awards 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		Six Months Ended
	March 31,		March 31,
	2017	2016	2017	2016
Net loss	$          (449)	$       (3,362)	$       (2,680)	$       (7,326)
Weighted-average number of common shares outstanding	12,014	11,701	11,982	11,669
Net loss per share	$         (0.04)	$         (0.29)	$         (0.22)	$         (0.63)

For the three and six months ended March 31, 2017 and 2016all common equivalents were anti-dilutive as a result of the Company’s net loss position.  As such, 245,610 shares and 103,942shares, have not been included in the calculation of basic or diluted net loss per share, for the three months ended March 31, 2017 and 2016,  respectively, and 256,308 shares and 190,291 shares, have not been included in the calculation of basic or diluted net loss per share, for the six months endedMarch 31, 2017 and 2016, respectively.