3. Computation of Net Loss Per Share

Basic earnings per share (“EPS”) is computed by dividing income available to common stockholders by the weighted-average number of shares of common stock outstanding during the period. The computation of diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding (using the treasury stock method) if securities convertible into or exercisable for potentially dilutive shares of common stock (stock options, restricted stock units and warrants) had been converted into or exercisable for such shares of common stock, and if such assumed conversion or exercise would have been dilutive. Exercises or conversions that would have been anti-dilutive are excluded from the calculation of diluted EPS.

The following summarizes the calculation of basic and diluted net loss per share:

	Three Months Ended April 30,
	2017			2016
Numerator:
Net loss	$	(2,550	)	$	(943	)
Denominator:
Weighted average common shares outstanding, basic and diluted		14,900,193			14,636,433
Basic and diluted net loss per share	$	(0.17	)	$	(0.06	)

The table below represents outstanding options, restricted stock unit awards and warrants that were excluded from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect. All of the Company’s outstanding stock options and unvested restricted stock units were anti-dilutive for the three months ended April 30, 2017 and 2016, respectively, due to the net loss incurred by the Company.

	Three Months Ended April 30,
	2017		2016
Options and restricted stock unit awards		2,246,726		1,943,562