Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Income (Loss) Per Common Share (Tables)

v2.4.0.8
Basic and Diluted Net Income (Loss) Per Common Share (Tables)
 9 Months Ended
Sep. 30, 2014
Basic and Diluted Net Income (Loss) Per Common Share [Abstract]  
Basic and diluted net income (loss) per share
Basic and diluted net income (loss) per share were determined as follows:

(in thousands, except share and per share amounts)
  
Three months ended September 30,
    
Nine months ended September 30,
  
   
2014
    
2013
    
2014
    
2013
  
                 
Net income (loss)
  
$
(2,209
)
  
$
(899
)
  
$
(17,026
)
  
$
3,322
  
Weighted average shares outstanding
    
532,258
      
508,655
      
524,595
      
502,349
  
Basic net income (loss) per common share
  
$
(4.15
)
  
$
(1.77
)
  
$
(32.46
)
  
$
6.61
  
                                 
Net income (loss)
  
$
(2,209
)
  
$
(899
)
  
$
(17,026
)
  
$
3,322
  
Weighted average shares outstanding
    
532,258
      
508,655
      
524,595
      
502,349
  
Effect of dilutive options and warrants
    
-
      
-
      
-
      
4,784
  
Weighted average shares outstanding assuming dilution
    
532,258
      
508,655
      
524,595
      
507,133
  
Diluted net income (loss) per common share
  
$
(4.15
)
  
$
(1.77
)
  
$
(32.46
)
  
$
6.55
  
Antidilutive securities excluded from computation of earnings per share
We did not include the following securities in the table below in the computation of diluted net income (loss) per common share because the securities were anti-dilutive during the periods presented:

   
Three months ended September 30,
  
Nine months ended September 30,
  
   
2014
  
2013
  
2014
  
2013
  
           
Warrants
    
577,756
      
712,879
      
577,756
      
712,879
  
Stock options
    
393,834
      
50,196
      
393,834
      
39,196
  
Preferred stock Series A
    
1,157,348
      
1,165,345
      
1,157,348
      
1,165,345
  
Preferred stock Series B
    
400,000
      
400,000
      
400,000
      
400,000
  
Total
    
2,528,938
      
2,328,420
      
2,528,938
      
2,317,420