Earnings per Share

6 Months Ended

Jun. 30, 2016

3.	Earnings per Share

Earnings per common share is presented under two formats: basic earnings per common share and diluted earnings per common share. Basic earnings per common share is computed by dividing net income attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding during the period, plus the potentially dilutive impact of common stock equivalents (i.e. stock options and warrants). Dilutive common share equivalents consist of the incremental common shares issuable upon exercise of stock options and warrants. The following table sets forth the computation of basic and diluted net loss per share:

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Numerator:
Net (loss)/income	$	(724)	$	(173)	$	(1,144)	$	4

Denominator:
Weighted-average common shares, basic		12,813		10,830		11,873		10,718

Dilutive effect of stock options		-		-		-		1,159
Dilutive effect of warrants		-		-		-		1,076
Incremental dilutive shares		-		-		-		2,235

Weighted-average common shares, dilutive		12,813		10,830		11,873		12,953

Net (loss)/income per share, basic and diluted	$	(0.06)	$	(0.02)	$	(0.10)	$	0.00

The following outstanding options and warrants were excluded from the computation of basic and diluted net loss per share for the periods presented because including them would have had an anti-dilutive effect:

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Options to purchase common stock		2,137		2,388		2,137		1,229
Warrants to purchase common stock		1,749		2,594		1,749		1,518