Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2019

11. Net Income (Loss) per Share

The Company accounts for and discloses net income (loss) per common share in accordance with FASB ASC Topic 260, Earnings Per Share. Basic income (loss) per common share is computed by dividing income (loss) attributable to common stockholders by the weighted average number of common shares outstanding. Diluted net income (loss) per common share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares that would have been outstanding during the period assuming the issuance of common stock for all potential dilutive common shares outstanding. Potential common shares consist of shares issuable upon the exercise of stock options and warrants and the conversion of convertible notes payable.

The following table sets forth the computation of basic and diluted net income (loss) per common share (in thousands, except per share amounts) for the six months ended:

	June 30, 2019		June 30, 2018
Numerator:
Net income (loss) attributable to common stockholders	$	1,456	$	(2,897	)

Denominator:
Weighted average number of shares outstanding, basic		30,986		26,050
Adjustment for dilutive effects of warrants, outstanding and in-the-money		20		-
Adjustment for dilutive effects of options, exercisable and in-the-money		-		-
Weighted average number of common shares outstanding, diluted		31,006		26,050

Net income (loss) per common share, basic	$	0.05	$	(0.11	)
Net income (loss) per common share, diluted	$	0.05	$	(0.11	)

The following table sets forth the number of potential common shares excluded from the calculations of net loss per diluted share because their inclusion would be anti-dilutive (in thousands):

	For the three months ended June 30,				For the six months ended June 30,
	2019		2018		2019		2018
Options to purchase common stock		988		426		988		426
Warrants to purchase common stock		243		243		223		243
Total		1,231		669		1,211		669