Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

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Net Loss Per Share
9 Months Ended
Sep. 30, 2017
Net Loss Per Share  
Net Loss Per Share

5.Net Loss Per Share

 

Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period and the number of additional shares of common stock that would have been outstanding if potentially dilutive securities had been issued. Potentially dilutive securities include a warrant to purchase our common shares and stock options and shares issuable under our stock award plans. The dilutive effect of these potentially dilutive securities is reflected in diluted earnings per share by application of the treasury stock method. Under the treasury stock method, an increase in the fair market value of our common stock can result in a greater dilutive effect from potentially dilutive securities.

 

We had securities which could potentially dilute basic loss per share, but were excluded from the computation of diluted net loss per share, as their effect would have been antidilutive. These securities consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended 

 

Nine Months Ended 

 

 

 

September 30, 

 

September 30, 

 

 

 

2017

    

2016

 

2017

    

2016

 

Outstanding stock options

 

 

20,721

 

 

20,897

 

 

20,721

 

 

20,897

 

Warrant to purchase common stock

 

 

 —

 

 

200

 

 

 —

 

 

200

 

Purchase Plan

 

 

69

 

 

63

 

 

69

 

 

63

 

 

 

 

20,790

 

 

21,160

 

 

20,790

 

 

21,160