NOTE 6 – LOSS PER SHARE

The following is a reconciliation from basic loss per share (EPS) to diluted EPS (in thousands, except per-share amounts).



	Quarter Ended				Two Quarters Ended
		February 28,		February 28,		February 28,		February 28,
		2018		2017		2018		2017
Numerator for basic and
diluted loss per share:
Net loss	$	(2,740)	$	(3,333)	$	(5,132)	$	(7,291)

Denominator for basic and
diluted loss per share:
Basic weighted average shares
outstanding		13,867		13,825		13,796		13,808
Effect of dilutive securities:
Stock options and other
stock-based awards		-		-		-		-
Diluted weighted average
shares outstanding		13,867		13,825		13,796		13,808

EPS Calculations:
Net loss per share:
Basic and diluted	$	(0.20)	$	(0.24)	$	(0.37)	$	(0.53)

Since we incurred a net loss for the quarter and two quarters ended February 28, 2018, no potentially dilutive securities are included in the calculation of diluted loss per share because such effect would be anti-dilutive. The number of dilutive stock options and other stock-based awards for the quarter ended February 28, 2018 would have been approximately 223,000 shares. Other securities, including stock-based compensation instruments, may have a dilutive effect upon our EPS calculation in future periods if we achieve specified performance targets.