Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2017

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, 2017 and 2016:

	Three months ended March 31,
(in thousands, except per share amounts)	2017		2016
Numerator:
Net loss used for basic earnings per share	$	(3,005)	$	(1,846)
Less change in fair value of warrant liability		(422)		(4)
Net loss used for diluted earnings per share	$	(3,427)	$	(1,850)
Denominator:
Basic weighted-average outstanding common shares		21,199		20,060
Effect of dilutive potential common shares resulting from options		45		18
Effect of dilutive potential common shares resulting from warrants		132		322
Weighted-average shares outstanding—diluted		21,376		20,400
Net loss per common share:
Basic	$	(0.14)	$	(0.09)
Diluted	$	(0.16)	$	(0.09)

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 months ended March 31, 2017 and 2016:

	Three months ended
	March 31,
(in thousands)	2017		2016
Weighted-average anti-dilutive common shares resulting from options		1,913		1,667
Weighted-average anti-dilutive common shares resulting from warrants		246		316
		2,159		1,983