Basic and Diluted Net Loss Per Common Share

3 Months Ended

Mar. 31, 2015

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Basic and Diluted Net Loss Per Common Share

3. Basic and Diluted Net Loss Per Common Share

Basic net loss per common share was computed by dividing net loss applicable to common stockholders by the weighted average number of shares of common stock and convertible preferred stock outstanding for each period presented, using the “if converted” method. Diluted net loss per common share is computed by giving effect to common stock equivalents as if they were outstanding for the entire period.

The following is a reconciliation of the shares used in the computation of basic and diluted net loss per share for the three-month periods ended March 31, 2015 and 2014 (in thousands):

	Three-Months Ended
	March 31,
	2015		2014
Basic weighted average shares outstanding		7,267		7,267
Effect of dilutive equity instruments		—		—
Dilutive weighted average shares outstanding		7,267		7,267
Options to purchase shares of common stock and other stock-based     awards outstanding which are not included in the calculation of     diluted net income per share because their impact is anti-dilutive		104		102