4. Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2015

Net income (loss) per share

Computation of basic and diluted net loss per share

The following table sets forth the computation of the basic and diluted net loss per share for the periods indicated (in thousands, except per share amounts):

	Three months ended March 31,
	2015			2014
Numerator:
Net income (loss)	$	(675	)	$	85
Denominator:
Weighted average shares used to compute net income (loss) per share
Basic		14,844			12,792
Effective of dilutive options and warrants		–			996
Diluted		14,844			13,788
Net income (loss) per share
Basic	$	(0.05	)	$	0.01
Diluted	$	(0.05	)	$	0.01

Schedule of potentially dilutive securites

The following potentially dilutive securities were excluded from the computation of diluted net income (loss) per share as their effect would have been anti-dilutive (in thousands):

	Three months ended March 31,
	2015		2014
Employee stock options		412		–
Restricted stock units/awards		4		–
		416		–