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