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BASIC AND DILUTED LOSS PER COMMON SHARE

12 Months Ended

Dec. 31, 2018

17. BASIC AND DILUTED LOSS PER COMMON SHARE

Basic and diluted loss per common share is 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 loss per share (in thousands, except per share data):

	For the Year Ended
	December 31,
	2018			2017
Numerator:
Net loss	$	(5,664	)	$	(9,225	)

Denominator:
Weighted average basic shares outstanding		8,726			8,717
Effect of dilutive securities - equity based compensation plans		—			—
Net dilutive effect of warrants outstanding		—			—
Denominator for diluted net income per common share	$	8,726		$	8,717

Net loss per common share:
Basic	$	(0.65	)	$	(1.06	)
Diluted	$	(0.65	)	$	(1.06	)

Anti-dilutive securities (excluded from per share calculation):
Equity based compensation plans	$	365		$	383
Warrants	$	—		$	51