Net Loss Per Share of Common Stock

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Net Loss Per Share of Common Stock

NOTE 14 - NET LOSS PER SHARE OF COMMON STOCK

Net loss per share for the three- and nine-month periods ended September 30, 2016 and 2017 are as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2016			2017			2016			2017
Basic and diluted loss per share
Net loss	$	(2,092,000	)	$	(586,000	)	$	(4,287,000	)	$	(2,996,000	)
Weighted-average shares outstanding		13,004,000			16,190,000			12,946,000			14,311,000
Basic and diluted net loss per share	$	(0.16	)	$	(0.04	)	$	(0.33	)	$	(0.21	)

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, 2016, 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 1,821,000 would have been anti-dilutive. For the three- and nine-month periods ended September 30, 2017, 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 1,844,000 would have been anti-dilutive.