LOSS PER COMMON SHARE

3 Months Ended

Mar. 31, 2014

LOSS PER COMMON SHARE

NOTE G — LOSS PER COMMON SHARE

Basic loss per common share has been computed by dividing net loss by the weighted-average number of shares of the Company’s common stock outstanding. Diluted loss per common share adjusts net loss and basic loss per common share for the effect of all potentially dilutive shares of the Company’s common stock. The calculations of basic and diluted loss per common share for the three month periods ended March 31, 2014 and 2013 are as follows:

	Three Months Ended March 31,
	2014			2013
	(in thousands, except per share amounts)
Net loss—basic and diluted	$	(2,929	)	$	(632	)
Weighted-average shares outstanding—basic and diluted		13,274			12,761
Basic and diluted loss per common share	$	(0.22	)	$	(0.05	)

The computation of diluted loss per common share for the three months ended March 31, 2014 and 2013 excludes the shares underlying options to purchase 2,361,437 shares and 2,518,780 shares, respectively. These shares were excluded due to their antidilutive effects.