NET LOSS PER SHARE - Note 2

3 Months Ended

Mar. 31, 2017

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 period. Net loss per share, assuming dilution, is calculated using the weighted-average number of common shares outstanding and the dilutive effect of all potentially dilutive securities, including common stock equivalents and convertible securities. Net loss per share, assuming dilution, is equal to basic net loss per share because the effect of dilutive securities outstanding during the period, including options and warrants computed using the treasury stock method, 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,
		2017		2016
Numerator:
Net loss available for common shareholders - basic and diluted	$	(5,647)	$	(3,556)
Denominator:
Weighted-average common shares outstanding - basic and diluted		68,113		47,566
Net loss per share - basic and diluted	$	(0.08)	$	(0.07)

For the three months ended March 31, 2017 and 2016, we excluded the following securities from net loss per share as the effect of including them would have been anti-dilutive: options outstanding and warrants exercisable into a total of 8,997,000 and 8,172,000 shares of common stock, respectively, and 50,000 and 60,000 nonvested restricted stock units, respectively.