STOCKHOLDERS' EQUITY AND LOSS PER SHARE

3 Months Ended

Jun. 30, 2015

STOCKHOLDERS' EQUITY AND LOSS PER SHARE

STOCKHOLDERS' EQUITY AND LOSS PER SHARE

4.STOCKHOLDERS’ EQUITY AND LOSS PER SHARE

Basic loss per share is computed using the net loss and the weighted average number of common shares outstanding during the period. Diluted loss per share is computed using the net loss and the weighted average number of common shares and potential common shares outstanding during the period when the potential common shares are dilutive. Potential dilutive common shares consist of outstanding stock options.

Weighted outstanding options to purchase 4,354,564 shares and 3,251,384 shares of the Company’s common stock for the three- month periods ended June 30, 2015 and 2014, respectively, have been excluded from the computation of diluted net loss per share because the effect of their inclusion would have been anti-dilutive.

The change in accumulated other comprehensive income during the three-month periods ended June 30, 2015 and 2014 is the result of the effect of foreign exchange rate changes.