Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share of Common Stock

v3.19.3
Net Loss Per Share of Common Stock
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Net Loss Per Share of Common Stock

NOTE 14 - NET LOSS PER SHARE OF COMMON STOCK

 

Net loss per share for the three- and nine-month periods ended September 30, 2018 and 2019 are as follows:

 

    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
    2018     2019     2018     2019  
Basic and diluted loss per share                                
Net loss   $ (897,000 )   $ (2,099,000 )   $ (3,003,000 )   $ (6,878,000 )
                                 
Weighted-average shares outstanding     17,312,000       17,929,000       17,121,000       17,744,000  
                                 
Basic and diluted net loss per share   $ (0.05 )   $ (0.12 )   $ (0.18 )   $ (0.39 )

 

Basic loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per share reflects the potential dilution assuming common shares were issued upon the exercise of outstanding options and the proceeds thereof were used to purchase outstanding common shares. Dilutive potential common shares include outstanding stock options, warrants and unvested restricted stock and performance shares awards. For the three- and nine-month periods ended September 30, 2018, the basic and diluted weighted-average shares outstanding are the same, since the effect from the potential exercise of outstanding stock options, warrants and vesting of restricted stock and performance shares of 1,874,000 would have been anti-dilutive. For the three- and nine-month periods ended September 30, 2019, the basic and diluted weighted-average shares outstanding are the same, since the effect from the potential exercise of outstanding stock options, warrants and vesting of restricted stock and performance shares of 2,632,000 would have been anti-dilutive due to the net loss.