8 NET INCOME (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2016

Accounting Policies [Abstract]

NET INCOME (LOSS) PER SHARE

NOTE 8.       NET INCOME (LOSS) PER SHARE:

A reconciliation of net income and weighted average shares used in computing basic and diluted net income per share is as follows:

	Three Months Ended
	March 31,
	2016				2015
	(in thousands, except per share data)
Basic net income (loss) per share:
Net income (loss) applicable to common shares		$	(0.10	)		$	0.11
Weighted average common shares outstanding			11,874				9,992
Basic net income (loss) per share of common stock		$	(0.10	)		$	0.11
Diluted net income (loss) per share:
Net income (loss) applicable to common shares		$	(0.10	)		$	0.11
Weighted average common shares outstanding			11,874				9,992
Dilutive effects of convertible debt, stock options and warrants			-				-
Weighted average common shares, assuming dilutive effect of stock options			11,874				9,992
Diluted net income (loss) per share of common stock		$	(0.10	)		$	0.11

Share-based awards, inclusive of all grants made under the Company's equity plans, for which either the stock option exercise price or the fair value of the restricted share award exceeds the average market price over the period, have an anti-dilutive effect on earnings per share, and accordingly, are excluded from the diluted computations for all periods presented.

As of March 31, 2016, there were approximately 338,189 share-based awards outstanding, respectively, under the Company's equity plans leaving 1,661,811 share-based units available under the Plan.  During the three months ended March 31, 2016, we granted options to purchase 105,000 shares of our common stock to employees.

Due to the Company's net loss, potential dilutive shares were not included in the calculation of diluted EPS on March 31, 2016, as it will have an antidilutive effect.