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LOSS PER COMMON SHARE
 3 Months Ended
Mar. 31, 2015
LOSS PER COMMON SHARE

NOTE G — LOSS PER COMMON SHARE

Basic loss per common share has been computed by dividing net loss by the weighted-average number of shares of the Company’s common stock outstanding during the relevant period. Diluted loss per common share adjusts net loss and basic loss per common share for the effect of all potentially dilutive shares of the Company’s common stock. The calculations of basic and diluted loss per common share for the three month periods ended March 31, 2015 and 2014 are as follows:

 

     Three Months Ended
March 31,		  
     2015      2014  
     (in thousands, except per share amounts)  

Net loss – basic and diluted

    $ (2,105 )     $ (2,929 ) 

Weighted-average shares outstanding – basic and diluted

      13,738         13,274   
  

 

 

     

 

 

  

Basic and diluted loss per common share

 $ (0.15 )  $ (0.22 ) 
  

 

 

     

 

 

  

The computation of diluted loss per common share for the three months ended March 31, 2015 and 2014 excludes options to purchase 2,276,927 and 2,361,437 shares, respectively. These shares were excluded due to their antidilutive effects.