NET INCOME (LOSS) PER SHARE - Note 2

9 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Net Income (Loss) Per Share - Note 2

2. NET INCOME (LOSS) PER SHARE

Basic net income (loss) per share is calculated using the weighted-average number of common shares outstanding during the period. Net income (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.

Diluted net income (loss) per share is calculated on the basis of the weighted-average number of common shares outstanding and taking into account the dilutive effect of all potential common stock equivalents outstanding. Potentially dilutive common stock equivalents primarily consist of options, warrants and nonvested restricted stock units. Diluted net income (loss) per share for the three months and nine months ended September 30, 2017 is equal to basic net income (loss) per share because the effect of potential common stock outstanding during the periods, including options, warrants and nonvested restricted stock units is anti-dilutive. Basic net income (loss) per share for the three months ended September 30, 2018 is diluted by outstanding convertible securities per the table below.

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

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2018		2017		2018		2017
Numerator:
Net income (loss) available for common shareholders - basic	$	289	$	(5,762)	$	(15,302)	$	(17,367)
Denominator:
Weighted-average common shares outstanding - basic		93,073		74,922		84,388		70,828
Dilutive incremental share effect from:
Options		1		-		-		-
Nonvested restricted stock units		130		-		-		-
Weighted-average common shares outstanding - diluted		93,204		74,922		84,388		70,828
Net income (loss) per share - basic	$	0.00	$	(0.08)	$	(0.18)	$	(0.25)
Net income (loss) per share - diluted	$	0.00	$	(0.08)	$	(0.18)	$	(0.25)

For the three and nine months ended September 30, 2017, we excluded the following securities from net income (loss) per share as the effect of including them would have been anti-dilutive: options outstanding and warrants exercisable into a total of 7,219,000 shares of common stock and 60,000 nonvested restricted stock units. For the three and nine months ended September 30, 2018, we excluded the following securities from net income (loss) per share as the effect of including them would have been anti-dilutive: options outstanding and warrants exercisable into a total of 7,586,000 and 7,587,000 shares of common stock, respectively, and 1,050,000 and 1,180,000 nonvested restricted stock units, respectively.