EARNINGS PER SHARE

We compute basic earnings per share (“basic EPS”) by dividing the net income or loss by the weighted average number of common shares outstanding for the reporting period. Diluted earnings per share (“diluted EPS”) gives effect to all dilutive potential shares outstanding. The following table provides the computation of basic and diluted earnings per share.



	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands, except per share data)	2018			2017			2018			2017
Numerator:
Net loss available to common shareholders	$	(272	)	$	(1,308	)	$	(1,207	)	$	(2,993	)
Effect of dilutive securities:
Derivative liability - warrants	—			—			—			—
Numerator for dilutive loss per common share	$	(272	)	$	(1,308	)	$	(1,207	)	$	(2,993	)

Denominator:
Weighted average shares used to compute basic loss per common share	32,890			30,860			32,884			30,860
Effect of dilutive securities:
Derivative liability - warrants	—			—			—			—
Denominator for dilutive loss per common share	32,890			30,860			32,884			30,860

Basic loss per common share	$	(0.01	)	$	(0.04	)	$	(0.04	)	$	(0.10	)
Diluted loss per common share	$	(0.01	)	$	(0.04	)	$	(0.04	)	$	(0.10	)

Anti-dilutive instruments excluded from diluted loss per common share:
Warrants	14			3			10			16
Options	1,061			500			821			805