Basic and Diluted Income (Loss) Per Common Share

12 Months Ended

Dec. 31, 2015

Basic and Diluted Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Common Share

17. BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE

Basic and diluted income (loss) per common share are calculated based on the weighted average number of shares outstanding during the period. The Company’s employee and director stock option awards, as well as incremental shares issuable upon exercise of warrants, are not considered in the calculations if the effect would be anti-dilutive. The following table sets forth the computation of basic and diluted income (loss) per share (in thousands, except per share data):

	Year Ended December 31,
	2015		2014
Numerator:
Net loss	$	(5,881)	$	(268)

Denominator:
Weighted average basic shares outstanding		7,746		7,185
Effect of dilutive securities - equity based compensation plans		-		-
Net dilutive effect of warrants outstanding		-		-
Denominator for diluted net loss per common share		7,746		7,185

Net loss per common share:
Basic	$	(0.76)	$	(0.04)
Diluted	$	(0.76)	$	(0.04)

Anti-dilutive securities (excluded from per share calculation):
Equity based compensation plans		345		366
Warrants		51		291