Three months ended

September 30,

($ in thousands, except per share data)

2016

2015

Numerator for basic earnings per share - Net loss available to common shareholders

$

(2,798

)

$

26

Gain recorded for reduction in fair value of warrants*

-

(343

)

Numerator for diluted earnings per share - Net loss available to common shareholders

$

(2,798

)

$

(317

)

Denominator for basic earnings per share - Weighted average shares outstanding

38,488,005

35,848,395

Effect of dilutive potential common shares*

-

639,484

Denominator for diluted earnings per share - Adjusted weighted average shares outstanding

38,488,005

36,487,879

Basic earnings (loss) per share

$

(0.07

)

$

-

Diluted loss per share

$

(0.07

)

$

(0.01

)