Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2016

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, 2016 and 2015:

	Three months ended March 31,
(in thousands, except per share amounts)	2016		2015
Numerator:
Net loss used for basic earnings per share	$	(1,846)	$	(4,897)
Less change in fair value of warrant liability		(4)		—
Net loss used for diluted earnings per share	$	(1,850)	$	(4,897)
Denominator:
Basic weighted-average outstanding common shares		20,060		20,031
Effect of dilutive potential common shares resulting from options		18		25
Effect of dilutive potential common shares resulting from warrants		322		—
Weighted-average shares outstanding—diluted		20,400		20,056
Net loss per common share:
Basic	$	(0.09)	$	(0.24)
Diluted	$	(0.09)	$	(0.24)

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, 2016 and 2015:

	Three months ended
	March 31,
(in thousands)	2016		2015
Weighted-average anti-dilutive common shares resulting from options		1,667		1,241
Weighted-average anti-dilutive common shares resulting from warrants		316		597
		1,983		1,838