XML 22 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings per Share
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
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
 
 
Nine Months Ended
 
 
 
September 30,
 
 
September 30,
 
 
 
2017
 
 
2016
 
 
2017
 
 
2016
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss)
 
$
(2,352)
 
 
$
(502)
 
 
$
(4,756)
 
 
$
(1,646)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average common shares, basic
 
 
15,740
 
 
 
13,643
 
 
 
14,533
 
 
 
12,469
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dilutive effect of stock options
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Dilutive effect of warrants
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Incremental dilutive shares
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average common shares, dilutive
 
 
15,740
 
 
 
13,643
 
 
 
14,533
 
 
 
12,469
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) per share, basic and diluted
 
$
(0.15)
 
 
$
(0.04)
 
 
$
(0.32)
 
 
$
(0.13)
 
 
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
 
Nine Months Ended
 
 
 
September 30,
 
September 30,
 
 
 
2017
 
2016
 
2017
 
2016
 
Options to purchase common stock
 
 
2,361
 
 
2,422
 
 
2,361
 
 
2,422
 
Warrants to purchase common stock
 
 
1,362
 
 
1,749
 
 
1,362
 
 
1,749