8. NET LOSS PER SHARE

Basic net loss per share is computed by dividing the net loss by the weighted average shares outstanding. Diluted loss per share is computed by dividing the net loss by the weighted average diluted shares outstanding.

The computation of basic and diluted loss per share is as follows (in thousands, except share and per share data):


	Three Months Ended March 31,
	2019		2018

Net loss	$	(137)	$	(1,709)
Weighted average common shares outstanding:
Basic		23,057,546		22,879,805
Dilutive common stock options, restricted stock unit awards and restricted stock awards		—		—
Diluted		23,057,546		22,879,805
Basic loss per share of common stock	$	(0.01)	$	(0.07)
Diluted loss per share of common stock	$	(0.01)	$	(0.07)

The Company had a net loss for the three months ended March 31, 2019 and 2018. As a result, all stock options, restricted stock unit awards and restricted stock awards were anti-dilutive and excluded from weighted average shares used in determining the diluted loss per share of common stock for the respective periods.

The following weighted average numbers of stock options, restricted stock unit awards and restricted stock awards, in each case as adjusted for the 5% stock dividend paid to shareholders on May 29, 2018, have been excluded from the calculation of diluted loss per share of common stock, as their effect would be anti-dilutive for the three months ended March 31, 2019 and 2018:


	Three Months Ended March 31,
	2019		2018
			(as adjusted)

Stock options		87,497		290,838
Restricted stock units		546,747		413,385
Restricted stock awards		32,987		70,349
Total		667,231		774,572