Loss per Common Share

3 Months Ended

Mar. 31, 2016

Net loss per share:

Loss per Common Share

Note J: 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 278,500 and 556,989 weighted common shares have been excluded from the diluted weighted shares outstanding for the three-month periods ended March 31, 2016 and 2015, 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 (dollar amounts in thousands except per share data):

	Three-Month Periods Ended March 31,
	2016			2015
Numerator:
Net loss from continuing operations	$	(292	)	$	(268	)
Net loss from discontinued operations	$	—		$	(899	)
Net loss	$	(292	)	$	(1,167	)
Denominator:
Weighted average common shares outstanding		5,030			4,999
Dilutive potential common shares		—			—
Shares used in diluted net loss per common share calculations		5,030			4,999
Basic net loss per common share
Continuing operations	$	(0.06	)	$	(0.05	)
Discontinued operations	$	—		$	(0.18	)
Net basic earnings per share	$	(0.06	)		(0.23	)
Diluted net loss per common share
Continuing operations	$	(0.06	)	$	(0.05	)
Discontinued operations	$	—		$	(0.18	)
Net basic earnings per share	$	(0.06	)	$	(0.23	)