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NET LOSS PER SHARE | 3 Months Ended
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Mar. 31, 2018
NET LOSS PER SHARE |
NET LOSS PER SHARE | 5 - NET LOSS PER SHARE The computation of basic net loss per share is based on the weighted-average number of common shares outstanding during the reporting period. The computation of diluted net loss per share assumes the vesting of nonvested stock awards and the exercise of stock options (refer to Note 14 — Stock-Based Compensation), for which the assumed proceeds upon vesting are deemed to be the amount of compensation cost attributable to future services and are not yet recognized using the treasury stock method, to the extent dilutive. Of the 264,367 and 381,924 nonvested shares outstanding, including RSUs, and the 255,608 and 133,000 stock options outstanding at March 31, 2018 and 2017, respectively, (refer to Note 14 — Stock-Based Compensation), all are anti-dilutive. The Company’s diluted net loss per share will also reflect the assumed conversion of the equity warrants issued when the Company emerged from bankruptcy on July 9, 2014 (the “Effective Date”) and MIP Warrants issued by the Company (refer to Note 14 — Stock-Based Compensation) if the impact is dilutive under the treasury stock method. The equity warrants have a 7-year term which commenced on the day following the Effective Date and are exercisable for one tenth of a share of the Company’s common stock. Of the 0 and 713,122 of unvested MIP Warrants outstanding at March 31, 2018 and 2017, respectively, and 3,936,761 of equity warrants outstanding at March 31, 2018 and 2017, all are anti-dilutive. The components of the denominator for the calculation of basic and diluted net loss per share are as follows:
|  | For the Three Months Ended |
|  | March 31, |
|  | 2018 |  | 2017 |
Common shares outstanding, basic: |  |  |  |  |
Weighted-average common shares outstanding, basic |  | 34,577,990 |  | 33,495,738 |
Common shares outstanding, diluted: |  |  |  |  |
Weighted-average common shares outstanding, basic |  | 34,577,990 |  | 33,495,738 |
Dilutive effect of warrants |  | — |  | — |
Dilutive effect of stock options |  | — |  | — |
Dilutive effect of restricted stock awards |  | — |  | — |
Weighted-average common shares outstanding, diluted |  | 34,577,990 |  | 33,495,738 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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