LOSS PER COMMON SHARE

6 Months Ended

Jun. 30, 2016

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 and six month periods ended June 30, 2016 and 2015 are as follows:


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
	(in thousands, except per share amounts)
Net loss – basic and diluted	$	(1,191	)	$	(1,727	)	$	(5,479	)	$	(3,832	)

Weighted-average shares outstanding – basic and diluted		14,155			13,845			14,059			13,779

Basic and diluted loss per common share	$	(0.08	)	$	(0.12	)	$	(0.39	)	$	(0.28	)

The computation of diluted loss per common share for the three and six months ended June 30, 2016 excludes options to purchase 1,919,134 shares and 2,053,393 shares, respectively and excludes 165,633 and 133,746 restricted shares, respectively. The computation of diluted loss per common share for the three and six months ended June 30, 2015 excludes options to purchase 2,236,402 shares and 2,256,665 shares, respectively and excludes 93,602 and 46,801 restricted shares, respectively.