Net Loss Per Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Net Loss Per Share

5. Net Loss Per Share

The Company calculates earnings per share (“EPS”) as required by FASB ASC Topic No. 260, Earnings Per Share. Basic EPS is calculated by dividing the net income available to common stockholders by the weighted average number of common shares outstanding for the period, excluding common stock equivalents. Diluted EPS is computed by dividing the net income available to common stockholders by the weighted average number of common shares outstanding for the period plus the weighted average number of dilutive common stock equivalents outstanding for the period determined using the treasury-stock method. For periods with a net loss, the dilutive common stock equivalents are excluded from the diluted EPS calculation. For purposes of this calculation, common stock subject to repurchase by the Company, options and warrants are considered to be common stock equivalents and are only included in the calculation of diluted earnings per share when their effect is dilutive.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
	(unaudited, in thousands, except per share amounts)
Numerator:
Net loss available to common stockholders	$	(4,314	)	$	(770	)	$	(11,300	)	$	(2,011	)
Denominator:
Weighted average shares outstanding – basic		12,209			11,540			11,826			11,494
Potential common shares – options (treasury stock method)		2			—			3			28
Weighted average shares outstanding – diluted		12,211			11,540			11,829			11,522
Shares excluded (anti-dilutive)		2			—			3			28
Shares excluded due to an exercise price greater than weighted average stock price for the period		2,062			510			2,062			380
Net loss per common share:
Basic	($	0.35	)	($	0.07	)	($	0.96	)	($	0.17	)
Diluted	($	0.35	)	($	0.07	)	($	0.96	)	($	0.17	)