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Earnings Per Share (EPS) (Tables)

3 Months Ended

Jun. 30, 2015

Calculation of basic and diluted net loss per common share

The following table represents the calculation of basic and diluted net loss per common share:

	Three Months Ended June 30,
	2015			2014

Net loss	$	(1,345	)	$	(1,248	)
Basic and diluted:
Weighted-average common shares outstanding		10,485			2,032
Weighted-average common shares used in per share computation		10,485			2,032

Net loss per share
Basic and diluted	$	(0.13	)	$	(0.61	)

Schedule of antidilutive securities excluded from computation of earnings per share

The following shares of common stock equivalents were excluded from the computation of diluted earnings per share for the three months ended June 30, 2015 and 2014 because including them would have been anti-dilutive.

	June 30, 2015		June 30, 2014

Outstanding Options		610,619		383,427
Outstanding RSUs		23,921		152,631
		634,540		536,058

Warrants - Sequel		-		92,888
Warrants S-3 (June 2014)		27,405		27,405
Warrants - S-1		4,256,000		-
Warrants - underwriters		186,066		-
Shares Excluded from EPS calculation		5,104,011		656,351

Schedule of warrants outstanding to purchase the Company's stock

At June 30, 2015, the Company had the following warrants outstanding to purchase the Company’s stock:

Issue Date	Outstanding Warrants		Exercise Price		Maturity Date

6/24/2014		27,405	$	2.50	6/24/2020
2/25/2015		4,256,000	$	1.18	2/25/2020
2/25/2015		115,200	$	1.56	2/18/2020
3/2/2015		70,866	$	1.59	2/25/2020
		4,469,471

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details