Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

v2.4.1.9
Net Loss Per Share (Tables)
3 Months Ended
Mar. 31, 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 months ended March 31, 2015 and 2014: 
 
 
 
Three months ended March 31,
 
(in thousands, except per share amounts)
 
2015
 
2014
 
Numerator:
 
 
 
 
 
 
 
Net loss used for basic earnings per share
 
$
(4,897)
 
$
(1,804)
 
Less change in fair value of warrant liability
 
 
 
 
 
Net loss used for diluted earnings per share
 
$
(4,897)
 
$
(1,804)
 
Denominator:
 
 
 
 
 
 
 
Basic weighted-average outstanding common shares
 
 
110,170
 
 
88,929
 
Effect of dilutive potential common shares resulting from options
 
 
135
 
 
 
Effect of dilutive potential common shares resulting from warrants
 
 
 
 
 
Weighted-average shares outstanding—diluted
 
 
110,305
 
 
88,929
 
Net loss per common share:
 
 
 
 
 
 
 
Basic
 
$
(0.04)
 
$
(0.02)
 
Diluted
 
$
(0.04)
 
$
(0.02)
 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
The table below presents common shares underlying stock options and warrants that are excluded from the calculation of the weighted average number of common shares outstanding used for the calculation of diluted net loss per common share. These are excluded from the calculation due to their anti-dilutive effect for the three months ended March 31, 2015 and 2014:
 
 
 
Three months ended March
 
 
 
31,
 
(in thousands)
 
2015
 
2014
 
Weighted-average anti-dilutive common shares resulting from options
 
 
6,823
 
 
6,697
 
Weighted-average anti-dilutive common shares resulting from warrants
 
 
3,280
 
 
3,967
 
 
 
 
10,103
 
 
10,664