Quarterly report pursuant to Section 13 or 15(d)

Computation of Net Loss Per Share of Common Stock

v3.19.3
Computation of Net Loss Per Share of Common Stock
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Computation of Net Loss Per Share of Common Stock
Computation of Net Loss Per Share of Common Stock
The following table identifies the components of net loss per basic and diluted share (in thousands, except for per share data):
 
Three Months Ended
 September 30,
 
Nine Months Ended
 September 30,
 
2019
 
2018
 
2019
 
2018
Net income (loss) per share – basic
 
 
 
 
 
 
 
Net income (loss)
$
(221
)
 
$
2,396

 
$
(4,772
)
 
$
(3,665
)
Weighted average shares outstanding
9,913

 
9,559

 
9,822

 
9,472

Net income (loss) per share – basic
$
(0.02
)
 
$
0.25

 
$
(0.49
)
 
$
(0.39
)
 
 
 
 
 
 
 
 
Net income (loss) per share – diluted
 
 
 
 
 
 
 
Income (loss) attributable to common shareholders:
 
 
 
 
 
 
 
Net income (loss)
$
(221
)
 
$
2,396

 
$
(4,772
)
 
$
(3,665
)
Numerator effect of dilutive securities
 
 
 
 
 
 
 
Warrants
(973
)
 

 

 

Income (loss) attributable to common shareholders
$
(1,194
)
 
$
2,396

 
$
(4,772
)
 
$
(3,665
)
Weighted average shares outstanding – diluted:
 
 
 
 
 
 
 
Weighted average shares outstanding – basic
9,913

 
9,559

 
9,822

 
9,472

Denominator effect of dilutive securities
 
 
 
 
 
 
 
Unvested restricted stock units

 
150

 

 

Warrants
500

 

 

 

Diluted potential common shares
500

 
150

 

 

Weighted average shares outstanding – diluted
10,413

 
9,709

 
9,822

 
9,472

Net income (loss) per share – diluted
$
(0.11
)
 
$
0.25

 
$
(0.49
)
 
$
(0.39
)

Stock options, warrants and restricted stock units to acquire common shares that were excluded from the computation of diluted weighted-average common shares as their effect is anti-dilutive were as follows (in thousands):
 
Three Months Ended
 September 30,
 
Nine Months Ended
 September 30,
 
2019
 
2018
 
2019
 
2018
Stock options
1,268

 
1,334

 
1,337

 
1,261

Warrants

 
1,273

 
1,339

 
1,213

Restricted stock units
109

 

 
124

 
150

Total anti-dilutive
1,377

 
2,607

 
2,800

 
2,624