Loss Per Share

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

16.  Loss Per Share

The following table presents the calculation of loss per share for the years ended December 31, 2015 and 2014:

In thousands, except per share data	2015		2014
Numerator:
Net loss, as reported	$	(1,749)	$	(4,628)
Unpaid dividends accumulated on preferred shares		(23)		-
Net loss attributable to common shares	$	(1,772)	$	(4,628)
Denominator:
Weighted average shares outstanding		1,674		1,371
Basic and diluted loss per share	$	(1.06)	$	(3.38)

Basic loss per common share is computed by dividing net loss attributable to common shares by the weighted average number of common shares outstanding for the period.  Diluted loss per common share is computed by dividing net loss attributable to common shares, by the weighted average number of common shares outstanding, adjusted for shares that would be assumed outstanding after warrants and stock options vested under the treasury stock method.

At December 31, 2015, the Company accumulated unpaid dividends related to the Preferred Stock issued in November 2015 of $23,000.  There were no accumulated unpaid dividends related to Preferred Stock at December 31, 2014.

At December 31, 2015 and 2014, outstanding warrants convertible into 85,300 and 75,300 shares, respectively, of Common Stock were excluded from the calculation of diluted loss per share because their impact would have been anti-dilutive.  At December 31, 2014 there were outstanding stock options to purchase 40 shares of Common Stock, which were also excluded from the calculation of diluted loss per share because their impact would have been anti-dilutive.