(Amounts in thousands except share and per share amounts)

Three Months Ended

March 31,

2017

2016

Numerator for basic and diluted loss per share:

Net loss

$

(2,727

)

$

(2,277

)

Preferred dividends

(507

)

(348

)

Net loss available to common shareholders

$

(3,234

)

$

(2,625

)

Denominator for basic and dilutive loss per share — weighted-average shares outstanding

91,864,174

94,073,367

Net loss

$

(0.03

)

$

(0.03

)

Preferred dividends

(0.01

)

(0.00

)

Basic and diluted loss per share available to common shareholders

$

(0.04

)

$

(0.03

)