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Net Loss Per Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Net Loss Per Share

(2) Net Loss Per Share

The Company calculates basic earnings per share by dividing loss attributable to common stockholders by the weighted average common shares outstanding during the period, excluding common stock subject to vesting provisions. Diluted earnings per share is computed by dividing loss attributable to common stockholders by the weighted average number of common shares outstanding during the period increased to include, if dilutive, the number of additional common shares that would have been outstanding if the potential common shares had been issued. The Company’s potentially dilutive shares include stock options, restricted stock units and warrants for common stock.

A reconciliation of the numerator and denominator used in the calculation of basic and diluted loss per share follows:

 

 

Years Ended December 31,

 

 

2014

 

 

2013

 

(In thousands, except shares and per share data)

 

 

 

 

 

 

 

Net loss

$

(9,689

)

 

$

(6,939

)

Less:  Series A Preferred Stock deemed dividend

 

—

 

 

 

(2,026

)

Net loss available to common shareholders

$

(9,689

)

 

$

(8,965

)

Weighted average shares of common stock outstanding

 

20,501,224

 

 

 

8,631,668

 

Less: Weighted-average shares of unvested common stock

 

—

 

 

 

(2,188

)

Total weighted-average shares used in computing net

   loss per share attributed to common stockholders

 

20,501,224

 

 

 

8,629,480

 

Basic and diluted loss per share

$

(0.47

)

 

$

(1.04

)

 

Because we reported a net loss for the years ended December 31, 2014 and 2013, all potentially dilutive shares of common stock have been excluded from the computation of the dilutive net loss per share for all periods presented.  As of December 31, 2014, none of the outstanding warrants were in-the-money and no material outstanding stock options were in-the-money; therefore, they would have been excluded from our weighted-average diluted earnings per share calculation.  Such potentially dilutive shares of common stock consist of the following:

 

 

Years Ended December 31,

 

 

2014

 

 

2013

 

Potentially dilutive securities, excluded:

 

 

 

 

 

 

 

Outstanding stock options

 

1,068,515

 

 

 

843,442

 

Unvested restricted stock units

 

471,029

 

 

 

419,000

 

Warrants to purchase common stock

 

9,371,002

 

 

 

8,147,484

 

 

 

10,910,546

 

 

 

9,409,926