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, 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):

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Outstanding options

 

15,473

 

13,596

 

15,473

 

13,596

 

Warrant

 

200

 

200

 

200

 

200

 

Purchase Plan

 

52

 

26

 

52

 

36

 

 

 

15,725

 

13,822

 

15,725

 

13,832