Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

v3.2.0.727
Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2015
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 and six months ended June 30, 2015 and 2014:
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
(in thousands, except per share amounts)
 
2015
 
2014
 
2015
 
2014
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss used for basic earnings per share
 
$
(2,281)
 
$
(842)
 
$
(7,178)
 
$
(2,646)
 
Less change in fair value of warrant liability
 
 
 
 
 
 
 
 
 
Net loss used for diluted earnings per share
 
$
(2,281)
 
$
(842)
 
$
(7,178)
 
$
(2,646)
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic weighted-average outstanding common shares
 
 
110,328
 
 
88,998
 
 
110,249
 
 
88,964
 
Effect of dilutive potential common shares resulting from options
 
 
73
 
 
 
 
56
 
 
 
Effect of dilutive potential common shares resulting from warrants
 
 
 
 
 
 
 
 
 
Weighted-average shares outstanding—diluted
 
 
110,401
 
 
88,998
 
 
110,305
 
 
88,964
 
Net loss per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
(0.02)
 
$
(0.01)
 
$
(0.07)
 
$
(0.03)
 
Diluted
 
$
(0.02)
 
$
(0.01)
 
$
(0.07)
 
$
(0.03)
 
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 and six months ended June 30, 2015 and 2014:
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
(in thousands)
 
2015
 
2014
 
2015
 
2014
 
Weighted-average anti-dilutive common shares resulting from options
 
 
7,444
 
 
6,485
 
 
7,252
 
 
7,077
 
Weighted-average anti-dilutive common shares resulting from warrants
 
 
843
 
 
4,110
 
 
1,885
 
 
3,967
 
 
 
 
8,287
 
 
10,595
 
 
9,137
 
 
11,044