2. Net Loss Per Common Share

9 Months Ended

Sep. 30, 2016

Net Loss Per Common Share

2. Net Loss Per Common Share

Basic net loss per common share is computed by dividing the net loss for the period by the weighted-average number of common shares outstanding during the period. Diluted net loss per common share is computed giving effect to all dilutive common stock equivalents, consisting of common stock options and warrants. Diluted net loss per common share for the three and nine months ended September 30, 2016 and 2015 is the same as basic net loss per common share because the common share equivalents were anti-dilutive due to the net loss. The following table sets forth the computation of basic and diluted net loss per common share:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Net loss (in thousands)	$	(621	)	$	(1,043	)	$	(2,267	)	$	(3,273	)
Weighted-average share reconciliation:
Weighted-average basic shares outstanding		13,411,569			13,207,041			13,316,277			12,870,728
Diluted shares outstanding		13,411,569			13,207,041			13,316,277			12,870,728
Net loss per common share:
Basic	$	(0.05	)	$	(0.08	)	$	(0.17	)	$	(0.25	)
Diluted	$	(0.05	)	$	(0.08	)	$	(0.17	)	$	(0.25	)

Common stock equivalent shares are not included in the computation of diluted loss per share, as the Company has a net loss and the inclusion of such shares would be anti-dilutive due to the net loss. At September 30, 2016 and 2015, the common stock equivalent shares were, as follows:

	September 30,		September 30,
	2016		2015
Shares of common stock issuable under equity incentive plans outstanding		3,935,812		3,187,347
Shares of common stock issuable upon conversion of warrants		165,000		-
Common stock equivalent shares excluded from diluted net loss per share		4,100,812		3,187,347