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Basic and Diluted Net Loss Per Common Share
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Basic and Diluted Net Loss Per Common Share

2. 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- and nine-month periods ended September 30, 2017 and 2016 (in thousands):

 

 

Three-Months Ended

 

 

Nine-Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

Basic weighted average shares outstanding

 

7,267

 

 

 

7,267

 

 

 

7,267

 

 

 

7,267

 

 

Effect of dilutive equity instruments

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive weighted average shares outstanding

 

7,267

 

 

 

7,267

 

 

 

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

 

394

 

 

 

399

 

 

 

394

 

 

 

409