Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share (Tables)

v2.4.0.8
Net Income (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2014
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 income (loss) per common share for the three and six months ended June 30, 2014 and 2013:
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
(in thousands, except per share amounts)
 
2014
 
2013
 
2014
 
2013
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) used for basic earnings per share
 
$
(842)
 
$
5,064
 
$
(2,646)
 
$
11,065
 
Less change in fair value of warrant liability
 
 
 
 
5,362
 
 
 
 
2,317
 
Net (loss) income used for diluted earnings per share
 
$
(842)
 
$
(298)
 
$
(2,646)
 
$
8,748
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic weighted-average outstanding common shares
 
 
88,998
 
 
82,527
 
 
88,964
 
 
80,403
 
Effect of dilutive potential common shares resulting from options
 
 
 
 
 
 
 
 
1,226
 
Effect of dilutive potential common shares resulting from warrants
 
 
 
 
32
 
 
 
 
4,642
 
Weighted-average shares outstanding—diluted
 
 
88,998
 
 
82,559
 
 
88,964
 
 
86,271
 
Net income (loss) per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
(0.01)
 
$
0.06
 
$
(0.03)
 
$
0.14
 
Diluted
 
$
(0.01)
 
$
0.00
 
$
(0.03)
 
$
0.10
 
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 income (loss) per common share. These are excluded from the calculation due to their anti-dilutive effect for the three and six months ended June 30, 2014 and 2013:
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
(in thousands)
 
2014
 
2013
 
2014
 
2013
 
Weighted-average anti-dilutive common shares resulting from options
 
6,485
 
3,302
 
7,077
 
1,175
 
Weighted-average anti-dilutive common shares resulting from warrants
 
4,110
 
1,334
 
3,967
 
23
 
 
 
10,595
 
4,636
 
11,044
 
1,198