Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Share

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Net Loss per Share
3 Months Ended
Mar. 31, 2014
Notes to Financial Statements  
Net Loss per Share

The Company accounts for and discloses net loss per common share in accordance with FASB ASC Topic 260, Earnings Per Share. Basic net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding (which includes the common share equivalents of the outstanding Series B Preferred shares). Diluted net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares that would have been outstanding during the period assuming the issuance of common shares for all potential dilutive common shares outstanding. Potential common shares consist of shares issuable upon the exercise of stock options and warrants and the conversion of Series A preferred stock in 2013. Because the inclusion of potential common shares would be anti-dilutive for all periods presented, diluted net loss per common share is the same as basic net loss per common share.

  

The following table sets forth the number of potential common shares excluded from the calculation of net loss per diluted share for the three-month periods ended March 31, 2014 and 2013 (in thousands):

 

   

Three months ended

March 31,

 
    2014     2013  
Options to purchase common stock     4,156       4,403  
Warrants to purchase common stock     26,669       1,650  
Series A convertible preferred stock     -       9,256  
Total     30,825       15,309