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, 2013
Net loss per share  
Net loss per share

 

 

4.              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 earnings 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 warrant and stock options and shares issuable under our employee stock purchase plan (Purchase Plan). 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.

 

During the periods presented, 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):

 

 

 

March 31,

 

 

 

2013

 

2012

 

Outstanding options

 

15,614

 

13,688

 

Warrant

 

200

 

200

 

Purchase Plan

 

41

 

34

 

 

 

 

 

 

 

Total

 

15,855

 

13,922