Earnings (Loss) Per Share

Earnings (loss) per common share is computed based on the weighted-average number of common shares outstanding and, when appropriate, dilutive potential common stock outstanding during the period. Stock options are considered to be potential common stock. The computation of diluted earnings (loss) per share does

not

assume exercise or conversion of securities that would have an anti-dilutive effect.

Basic earnings (loss) per common share is the amount of net earnings (loss) for the period available to each weighted-average share of common stock outstanding during the reporting period. Diluted earnings (loss) per common share is the amount of earnings (loss) for the period available to each weighted-average share of common stock outstanding during the reporting period and to each share of potential common stock outstanding during the period, unless inclusion of potential common stock would have an anti-dilutive effect.

The following table sets forth the computation of basic and diluted earnings (loss) per common share:

	Three months ended September 30 ,						Nine months ended September 30 ,
	2018			2017			2018			2017
Numerator:
Net loss	$	(10,142	)	$	(9,276	)	$	(14,151	)	$	(10,564	)
Denominator:
Basic weighted average shares outstanding		8,306,707			8,520,041			8,304,974			8,641,173
Dilutive common stock equivalents using treasury stock method		—			—			—			—
Diluted weighted average shares outstanding		8,306,707			8,520,041			8,304,974			8,641,173

Basic loss per common share	$	(1.22	)	$	(1.09	)	$	(1.70	)	$	(1.22	)
Diluted loss per common share	$	(1.22	)	$	(1.09	)	$	(1.70	)	$	(1.22	)

Weighted average options outstanding		711,888			782,012			727,980			832,953
Anti-dilutive options not included in the computations		711,888			782,012			727,980			832,953