13.

Loss per Share

	For the Years Ended December 31,
	2017		2016
	(in thousands)

Net loss attributable to Innodata Inc. and Subsidiaries	$	(5,055)	$	(5,524)

Weighted average common shares outstanding		25,816		25,542
Dilutive effect of outstanding options		-		-
Adjusted for dilutive computation		25,816		25,542

Basic loss per share is computed using the weighted-average number of common shares outstanding during the year. Diluted 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 4.2 million and 5.2 million shares of common stock in 2017 and 2016, respectively, were outstanding but not included in the computation of diluted 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 antidilutive.