Net Loss Per Share

9 Months Ended

Sep. 30, 2012

Net Loss Per Share [Abstract]

Net Loss Per Share

4. Net Loss Per Share

Basic and diluted net loss per share was calculated by dividing the net loss per share attributed to the Company’s common shares by the weighted-average number of common shares outstanding. Diluted net loss per share includes the effect of all dilutive, potentially issuable common equivalent shares as defined using the treasury stock method. All of the Company’s common stock equivalents are anti-dilutive due to the Company’s net loss position for all periods presented. Accordingly, common stock equivalents of approximately 1,799,000 stock options and 154,000 warrants at September 30, 2012 and 265,000 stock options and 154,000 warrants at September 30, 2011, were excluded from the calculation of weighted average shares for diluted net loss per share.