(5) LOSS PER SHARE

Basic loss per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. Diluted loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding and the number of dilutive potential common share equivalents during the period, calculated using the treasury-stock method. The effects of potential common stock equivalents, related to outstanding options for the three months ended March 31, 2015 and 2014, totaling 1,267,500 and 2,497,216, respectively, have not been included in the computation of diluted net loss per share because the impact of the potential shares would decrease the loss per share.

The calculation of basic and diluted loss per share for the three months ended March 31, 2015 and 2014, is as follows:

	Three months ended
	March 31,
	2015			2014
Basic:
Net income (loss) applicable to common stockholders	$	(896	)	$	(1,430	)
Weighted average shares outstanding – basic		31,271,234			31,171,234
Net loss per share – basic	$	(0.03	)	$	(0.05	)

Diluted:
Net Income (loss) applicable to common stockholders	$	(896	)	$	(1,430	)
Weighted average shares outstanding – basic		31,271,234			31,171,234
Dilutive securities	—			—
Weighted average shares outstanding – diluted		31,271,234			31,171,234
Net income (loss) per share – diluted	$	(0.03	)	$	(0.05	)