| 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):
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2019 |
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2018 |
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2019 |
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2018 |
Net income (loss) per share – basic |
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Net income (loss) |
$ |
(221 |
) |
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$ |
2,396 |
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$ |
(4,772 |
) |
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$ |
(3,665 |
) |
Weighted average shares outstanding |
9,913 |
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9,559 |
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|
9,822 |
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9,472 |
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Net income (loss) per share – basic |
$ |
(0.02 |
) |
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$ |
0.25 |
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$ |
(0.49 |
) |
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$ |
(0.39 |
) |
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Net income (loss) per share – diluted |
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Income (loss) attributable to common shareholders: |
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Net income (loss) |
$ |
(221 |
) |
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$ |
2,396 |
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$ |
(4,772 |
) |
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$ |
(3,665 |
) |
Numerator effect of dilutive securities |
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Warrants |
(973 |
) |
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— |
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— |
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— |
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Income (loss) attributable to common shareholders |
$ |
(1,194 |
) |
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$ |
2,396 |
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$ |
(4,772 |
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$ |
(3,665 |
) |
Weighted average shares outstanding – diluted: |
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Weighted average shares outstanding – basic |
9,913 |
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9,559 |
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9,822 |
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9,472 |
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Denominator effect of dilutive securities |
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Unvested restricted stock units |
— |
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150 |
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— |
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— |
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Warrants |
500 |
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— |
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— |
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— |
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Diluted potential common shares |
500 |
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|
150 |
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— |
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— |
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Weighted average shares outstanding – diluted |
10,413 |
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|
9,709 |
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9,822 |
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9,472 |
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Net income (loss) per share – diluted |
$ |
(0.11 |
) |
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$ |
0.25 |
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$ |
(0.49 |
) |
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$ |
(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):
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2019 |
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2018 |
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2019 |
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2018 |
Stock options |
1,268 |
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1,334 |
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1,337 |
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1,261 |
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Warrants |
— |
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1,273 |
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|
1,339 |
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1,213 |
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Restricted stock units |
109 |
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— |
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124 |
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150 |
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Total anti-dilutive |
1,377 |
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2,607 |
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2,800 |
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2,624 |
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