Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share (Tables)

Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 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 income (loss) per common share for the three and nine-months ended September 30, 2017 and 2016:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share amounts)	2017		2016		2017		2016
Numerator:
Net income (loss) used for basic earnings per share	$	(4,191)	$	(2,620)	$	(10,647)	$	7,462
Less change in fair value of warrant liability		(2)		—		(614)		—
Net income (loss) used for diluted earnings per share	$	(4,193)	$	(2,620)	$	(11,261)	$	7,462
Denominator:
Basic weighted-average outstanding common shares		21,204		21,199		21,202		20,591
Effect of dilutive potential common shares resulting from options		—		—		1		151
Effect of dilutive potential common shares resulting from warrants		—		—		19		705
Weighted-average shares outstanding—diluted		21,204		21,199		21,222		21,447
Net income (loss) per common share:
Basic	$	(0.20)	$	(0.12)	$	(0.50)	$	0.36
Diluted	$	(0.20)	$	(0.12)	$	(0.53)	$	0.35

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, 2017 and 2016:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2017		2016		2017		2016
Weighted-average anti-dilutive common shares resulting from options		2,380		1,241		2,340		1,287
Weighted-average anti-dilutive common shares resulting from warrants		2,607		—		941		—
		4,987		1,241		3,281		1,287