Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (EPS) (Tables)

v3.2.0.727
Earnings Per Share (EPS) (Tables)
3 Months Ended
Jun. 30, 2015
Earnings Per Share (EPS) [Abstract]  
Calculation of basic and diluted net loss per common share
The following table represents the calculation of basic and diluted net loss per common share:

   
Three Months Ended
June 30,
 
   
2015
   
2014
 
         
Net loss
 
$
(1,345
)
 
$
(1,248
)
Basic and diluted:
               
Weighted-average common shares outstanding
   
10,485
     
2,032
 
Weighted-average common shares used in per share computation
   
10,485
     
2,032
 
                 
Net loss per share
               
Basic and diluted
 
$
(0.13
)
 
$
(0.61
)
Schedule of antidilutive securities excluded from computation of earnings per share
The following shares of common stock equivalents were excluded from the computation of diluted earnings per share for the three months ended June 30, 2015 and 2014 because including them would have been anti-dilutive.

   
June 30,
2015
   
June 30,
2014
 
         
Outstanding Options
   
610,619
     
383,427
 
Outstanding RSUs
   
23,921
     
152,631
 
     
634,540
     
536,058
 
                 
Warrants - Sequel
   
-
     
92,888
 
Warrants S-3 (June 2014)
   
27,405
     
27,405
 
Warrants - S-1
   
4,256,000
     
-
 
Warrants - underwriters
   
186,066
     
-
 
Shares Excluded from EPS calculation
   
5,104,011
     
656,351
 
Schedule of warrants outstanding to purchase the Company's stock
At June 30, 2015, the Company had the following warrants outstanding to purchase the Company’s stock:

Issue Date
 
Outstanding Warrants
   
Exercise Price
 
Maturity Date
              
6/24/2014
   
27,405
   
$
2.50
 
6/24/2020
2/25/2015
   
4,256,000
   
$
1.18
 
2/25/2020
2/25/2015
   
115,200
   
$
1.56
 
2/18/2020
3/2/2015
   
70,866
   
$
1.59
 
2/25/2020
     
4,469,471