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Loss per Common Share
3 Months Ended
Mar. 31, 2014
Loss per Common Share [Abstract]  
Loss per Common Share

Note H: Loss per Common Share

Net loss per share is computed by dividing net loss by the daily weighted average number of common shares outstanding during the applicable periods. Diluted net loss per share includes the potentially dilutive effect of common shares subject to outstanding stock options using the treasury stock method. Under the treasury stock method, shares subject to certain outstanding stock options have been excluded from the diluted weighted average shares outstanding calculation because the exercise of those options would lead to a net reduction in common shares outstanding. As a result, stock options to acquire 220,555 and 397,000 weighted common shares have been excluded from the diluted weighted shares outstanding for the three-month periods ended March 31, 2014 and 2013, respectively. The potentially dilutive effect of common shares subject to certain outstanding stock options is determined based on net loss. A reconciliation of these amounts is as follows:

 

 

 

 

 

 

 

 

 

Three-Month Periods Ended March 31,

 

2014

 

2013

Numerator:

 

 

 

 

 

Net loss

$

(3,757)

 

$

(1,453)

Denominator:

 

 

 

 

 

Weighted average common shares outstanding

 

4,976 

 

 

4,910 

Dilutive potential common shares

 

 —

 

 

 —

Shares used in diluted net loss per common share calculations

 

4,976 

 

 

4,910 

Basic net loss per common share

$

(0.76)

 

$

(0.30)

Diluted net loss per common share

$

(0.76)

 

$

(0.30)