4. Loss per share

Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the years ended December 31, 2014 and 2013. Diluted loss per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common shares or conversion of notes into shares of the Company’s common shares that could increase the number of shares outstanding and lower the earnings per share of the Company’s common shares. This calculation is not done for years in which a net loss was incurred as this would be antidilutive. The information related to basic and diluted loss per share is as follows:


	2014			2013
Numerator:
Net loss	$	(3,533	)	$	(3,935	)
Denominator:
Weighted average shares outstanding - Basic and diluted⁽¹⁾		7,279,949			6,272,570
Loss per share⁽¹⁾:
Basic and diluted	$	(0.49	)	$	(0.63	)

⁽¹⁾	All per share amounts and shares outstanding for all periods have been retroactively restated to reflect Tiger Media’s 1-for-5 reverse stock split, which was effective on March 19, 2015.