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Net Loss Per Common Share (Tables)
6 Months Ended
Jun. 30, 2016
Net Loss Per Common Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Common Share



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three months ended

 

Six months ended



 

June 30,

 

June 30,



 

 

 

 

 

 

(dollars in thousands, except per share amounts)

 

2016

 

2015

 

2016

 

2015



 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(802)

 

$

(356)

 

$

(3,242)

 

$

(231)

Adjustment for interest expense on convertible notes (A)

 

 

 -

 

 

 -

 

 

 -

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(802)

 

$

(356)

 

$

(3,242)

 

$

(231)



 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares of common stock outstanding

 

 

7,196,891 

 

 

7,061,545 

 

 

7,179,746 

 

 

7,058,026 

Weighted average effect of dilutive stock options and other stock compensation

 

 

 -

 

 

 -

 

 

 -

 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares of common stock outstanding, as adjusted 

 

 

7,196,891 

 

 

7,061,545 

 

 

7,179,746 

 

 

7,058,026 



 

 

 

 

 

 

 

 

 

 

 

 

Net loss per common share:

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

Net loss per common share -Basic

 

$

(0.11)

 

$

(0.05)

 

$

(0.45)

 

$

(0.03)



 

 

 

 

 

 

 

 

 

 

 

 

Net loss per common share -Diluted

 

$

(0.11)

 

$

(0.05)

 

$

(0.45)

 

$

(0.03)

(A)   An adjustment for interest expense on convertible notes was excluded from the loss per share calculation for the three and six months ended June 30, 2016 and 2015 as a result of the convertible notes being anti-dilutive.