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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Basic and diluted earnings per share
The following table provides the computation of basic and diluted earnings per share.
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(in thousands, except per share data)
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net loss available to common shareholders
$
(1,245
)
 
$
(965
)
 
$
(4,238
)
 
$
(3,428
)
Effect of dilutive securities:
 
 
 
 
 
 
 
Derivative liability - warrants

 

 

 

Numerator for dilutive loss per common share
$
(1,245
)
 
$
(965
)
 
$
(4,238
)
 
$
(3,428
)
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average shares used to compute basic loss per common share
31,078

 
27,075

 
30,932

 
27,059

Effect of dilutive securities:
 
 
 
 
 
 
 
Derivative liability - warrants

 

 

 

Denominator for dilutive loss per common share
31,078

 
27,075

 
30,932

 
27,059

 
 
 
 
 
 
 
 
Basic loss per common share
$
(0.04
)
 
$
(0.04
)
 
$
(0.14
)
 
$
(0.13
)
Diluted loss per common share
$
(0.04
)
 
$
(0.04
)
 
$
(0.14
)
 
$
(0.13
)