Basic and Diluted Loss per Common Share

9 Months Ended

Sep. 30, 2018

Basic and Diluted Loss per Common Share [Abstract]

Basic and Diluted Loss per Common Share

3. Basic and Diluted Loss per Common Share

Basic loss per share is computed by dividing net loss by weighted average number of outstanding common shares outstanding for the period. Diluted net loss per share adjusts the weighted average shares outstanding for the potential dilution that could occur if outstanding vested stock options were exercised, unless the impact of potential dilutive common shares outstanding has an anti-dilutive impact on diluted net loss per share.

The number of common shares and common share equivalents used in the determination of basic and diluted loss per share were as follows:

(in thousands, except for share amounts)	Three months ended						Nine months ended
	September 30,						September 30,
	2018			2017			2018			2017
Numerator:
Net loss	$	(518	)	$	(605	)	$	(1,033	)	$	(44	)
Denominator:
Weighted-average shares outstanding for basic loss per share		19,786,888			19,280,770			19,620,207			19,204,778
Effect of dilutive securities:
Stock options and restricted stock units		-			-			-			-
Adjusted weighted-average shares outstanding and assumed conversions for diluted loss per share		19,786,888			19,280,770			19,620,207			19,204,778
Shares related to dilutive securities excluded because inclusion would be anti-dilutive		713,024			534,833			645,714			550,218