Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

v3.3.0.814
Net Loss Per Share (Tables)
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table sets forth the reconciliation of the numerator and denominator used in the computation of basic and diluted net loss per common share for the three and nine months ended September 30, 2015 and 2014:
 
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
(in thousands, except per share amounts)
 
2015
 
2014
 
2015
 
2014
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) used for basic earnings per share
 
$
(1,807)
 
$
716
 
$
(8,985)
 
$
(1,930)
 
Less change in fair value of warrant liability
 
 
 
 
1,461
 
 
 
 
313
 
Net loss used for diluted earnings per share
 
$
(1,807)
 
$
(745)
 
$
(8,985)
 
$
(2,243)
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic weighted-average outstanding common shares
 
 
20,060
 
 
16,182
 
 
20,050
 
 
16,177
 
Effect of dilutive potential common shares resulting from options
 
 
 
 
67
 
 
 
 
56
 
Effect of dilutive potential common shares resulting from warrants
 
 
 
 
 
 
 
 
 
Weighted-average shares outstanding—diluted
 
 
20,060
 
 
16,249
 
 
20,050
 
 
16,233
 
Net income (loss) per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
(0.09)
 
$
0.04
 
$
(0.45)
 
$
(0.12)
 
Diluted
 
$
(0.09)
 
$
(0.05)
 
$
(0.45)
 
$
(0.14)
 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
These are excluded from the calculation due to their anti-dilutive effect for the three and nine months ended September 30, 2015 and 2014:
 
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
(in thousands)
 
2015
 
2014
 
2015
 
2014
 
Weighted-average anti-dilutive common shares resulting from options
 
 
1,349
 
 
1,157
 
 
1,341
 
 
1,184
 
Weighted-average anti-dilutive common shares resulting from warrants
 
 
289
 
 
672
 
 
210
 
 
696
 
 
 
 
1,638
 
 
1,829
 
 
1,551
 
 
1,880