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Net (Loss) Income Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Computation of Net (Loss) Income Per Common Share

The following table sets forth the computation of basic and diluted net (loss) income per common share:

 

 

 

Three months ended

 

 

March 31,

 

 

 

 

(dollars in thousands, except per share amounts)

 

2017

 

2016

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(1,219)

 

$

(2,440)

Adjustment for interest expense on convertible notes (A)

 

 

-

 

 

-

 

 

 

 

 

 

 

Net loss

 

$

(1,219)

 

$

(2,440)

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares of common stock outstanding

 

 

7,216,447

 

 

7,162,601

Weighted average effect of dilutive stock options and other stock compensation

 

 

-

 

 

-

 

 

 

 

 

 

 

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

 

 

7,216,447

 

 

7,162,601

 

 

 

 

 

 

 

Net loss per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per common share -Basic

 

$

(0.17)

 

$

(0.34)

 

 

 

 

 

 

 

Net loss per common share -Diluted

 

$

(0.17)

 

$

(0.34)

 

(A)

An adjustment for interest expense on convertible notes was excluded from the loss per share calculation for the three months ended March 31, 2017 and 2016 as a result of the convertible notes being antidilutive.