Net Loss Per Share of Common Stock

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Net Loss Per Share of Common Stock

NOTE 12 - NET LOSS PER SHARE OF COMMON STOCK

Net loss per share for the three- and nine-month periods ended September 30, 2015 and 2016 are as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2015			2016			2015			2016
Basic and diluted loss per share
Net loss	$	(1,895,000	)	$	(2,092,000	)	$	(8,982,000	)	$	(4,287,000	)
Weighted-average shares outstanding		12,768,000			13,004,000			12,523,000			12,946,000
Basic and diluted net loss per share	$	(0.15	)	$	(0.16	)	$	(0.72	)	$	(0.33	)

Basic loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per share reflects the potential dilution assuming common shares were issued upon the exercise of outstanding options and the proceeds thereof were used to purchase outstanding common shares. Dilutive potential common shares include outstanding stock options, warrants and unvested restricted stock and performance shares awards. For the three- and nine-month periods ended September 30, 2015, the basic and diluted weighted-average shares outstanding are the same, since the effect from the potential exercise of outstanding stock options, warrants and vesting of restricted stock and performance shares of 1,949,000 would have been anti-dilutive. For the three- and nine-month periods ended September 30, 2016, the basic and diluted weighted-average shares outstanding are the same, since the effect from the potential exercise of outstanding stock options and vesting of restricted stock and performance shares of 1,821,000 would have been anti-dilutive.