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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE

We compute basic earnings per share (“basic EPS”) by dividing the net income or loss by the weighted average number of common shares outstanding for the reporting period. Diluted earnings per share (“diluted EPS”) gives effect to all dilutive potential shares outstanding. The following table provides the computation of basic and diluted earnings per share.
 
Three Months Ended March 31,
(in thousands, except per share data)
2017
 
2016
Numerator:
 
 
 
Net loss available to common shareholders
(1,685
)
 
(1,944
)
Effect of dilutive securities:
 
 
 
Derivative liability - warrants
(88
)
 
—

Numerator for dilutive loss per common share
(1,773
)
 
(1,944
)
 
 
 
 
Denominator:
 
 
 
Weighted average shares used to compute basic loss per common share
30,860

 
27,051

Effect of dilutive securities:
 
 
 
Derivative liability - warrants
27

 
—

Denominator for dilutive loss per common share
30,887

 
27,051

 
 
 
 
Basic loss per common share
(0.05
)
 
(0.07
)
Diluted loss per common share
(0.06
)
 
(0.07
)


For the three months ended March 31, 2017, warrants to purchase approximately 27,000 shares of common stock and approximately $88,000 of the gain on the fair market valuation of the derivative liabilities were included in the computation of diluted earnings per share because their effects were dilutive.