NET LOSS PER SHARE - Note 2

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Net Loss Per Share - Note 2

2. NET LOSS PER SHARE

Basic net loss per share is calculated using the weighted-average number of common shares outstanding during the reporting periods. Diluted net loss per share is calculated using the weighted-average number of common shares outstanding and taking into account the dilutive effect of all potentially dilutive securities, including common stock equivalents and convertible securities outstanding. Potentially dilutive common stock equivalents primarily consist of warrants, employee stock options and nonvested equity shares. Diluted net loss per share for the three months ended March 31, 2015 and 2014 is equal to basic net loss per share because the effect of all potential common stock outstanding during the periods, including options, warrants and nonvested equity shares is anti-dilutive.

The components of basic and diluted net loss per share were as follows (in thousands, except loss per share data):

		Three Months Ended
		March 31,
		2015		2014
Numerator:
Net loss available for common shareholders - basic and diluted	$	(3,962)	$	(8,018)
Denominator:
Weighted-average common shares outstanding - basic and diluted		44,963		34,842
Net loss per share - basic and diluted	$	(0.09)	$	(0.23)

On March 31, 2015 and 2014, we excluded the following convertible securities from diluted net loss per share, as the effect of including them would have been anti-dilutive: options and warrants exercisable into a total of 7,885,000 and 8,388,000 shares of common stock, respectively, and 60,000 and 108,000 nonvested equity shares, respectively.