11.

Loss Per Share

	Three months ended				Nine months ended
	September 30,				September 30,
	2017		2016		2017		2016
	(in thousands)				(in thousands)

Net loss attributable to Innodata Inc. and Subsidiaries	$	(1,068)	$	(2,766)	$	(2,964)	$	(4,541)

Weighted average common shares outstanding		25,877		25,651		25,795		25,514
Dilutive effect of outstanding options		-		-		-		-
Adjusted for dilutive computation		25,877		25,651		25,795		25,514

Basic net loss per share is computed using the weighted-average number of common shares outstanding during the period. Diluted net loss per share is computed by considering the impact of the potential issuance of common shares, using the treasury stock method, on the weighted average number of shares outstanding. For those securities that are not convertible into a class of common stock, the “two-class” method of computing income (loss) per share is used.

Options to purchase 5.1 million shares and 4.2 million shares of common stock for the three months ended September 30, 2017 and 2016, respectively, were outstanding but not included in the computation of diluted net loss per share, because the options exercise price was greater than the average market price of the common shares and, therefore, the effect would have been anti-dilutive.

Options to purchase 5.1 million shares and 4.2 million shares of common stock for the nine months ended September 30, 2017 and 2016, respectively, were outstanding but not included in the computation of diluted net loss per share, because the options exercise price was greater than the average market price of the common shares and, therefore, the effect would have been anti-dilutive.