Net Income (Loss) Per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share

8. NET INCOME (LOSS) PER SHARE

 

Basic earnings per share (’‘EPS”) excludes dilutive securities and is computed by dividing net loss available to common stockholders by the weighted average number of shares of common stock outstanding for the year. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted and the resulting additional shares are dilutive because their inclusion decreases the amount of EPS.

 

The following are potentially dilutive securities which have not been used in the calculation of diluted loss per share as they are anti-dilutive:

 

    Year Ended December 31,  
    2016     2015  
(in thousands of shares)            
Stock options     714       692  
Warrants     1,324       42  
ESPP shares     8       7  
Convertible preferred shares     369       -  
Exchange rights     -       12  
                 
Total     2,415       753  

 

The following table is a reconciliation of the weighted average shares outstanding used for basic and diluted loss per share:

 

    Year Ended December 31,  
    2016     2015  
(in thousands of shares)            
Weighted average shares outstanding - basic     4,648       3,370  
Dilutive potential common shares     -       3  
Weighted average shares outstanding - fully diluted     4,648       3,373