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Basic and Diluted Net Loss Per Common Share
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Basic and Diluted Net Loss Per Common Share

3. Basic and Diluted Net Loss Per Common Share

 

Basic net loss per common share was computed by dividing net loss applicable to common stockholders by the weighted average number of shares of common stock and convertible preferred stock outstanding for each period presented, using the “if converted” method. Diluted net loss per common share is computed by giving effect to common stock equivalents as if they were outstanding for the entire period.

The following is a reconciliation of the shares used in the computation of basic and diluted net loss per share for the three- and six-month periods ended June 30, 2015 and 2014 (in thousands):

 

 

Three-Months Ended

 

 

Six-Months Ended

 

 

June 30,

 

 

June 30,

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Basic weighted average shares outstanding

 

7,267

 

 

 

7,267

 

 

 

7,267

 

 

 

7,267

 

Effect of dilutive equity instruments

 

 

 

 

 

 

 

 

 

 

 

Dilutive weighted average shares outstanding

 

7,267

 

 

 

7,267

 

 

 

7,267

 

 

 

7,267

 

Options to purchase shares of common stock and other stock-based

    awards outstanding which are not included in the calculation of

    diluted net income per share because their impact is anti-dilutive

 

86

 

 

 

105

 

 

 

78

 

 

 

102