Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

v3.7.0.1
Net Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2017
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, 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