| 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 |
) |
|
The following table represents the calculation of basic and diluted net income (loss) per common share (in thousands, except per share data):
| |
|
Year Ended March 31, |
|
| |
|
2015 |
|
|
2014 |
|
| |
|
|
|
|
|
|
Loss from continuing operations |
|
$ |
(5,164 |
) |
|
$ |
(3,469 |
) |
Net income from discontinued operations, net of taxes |
|
|
- |
|
|
|
155 |
|
| |
|
|
|
|
|
|
|
|
Net loss applicable to common stockholders |
|
$ |
(5,164 |
) |
|
$ |
(3,314 |
) |
Basic and diluted: |
|
|
|
|
|
|
|
|
Weighted-average common shares outstanding |
|
|
3,387 |
|
|
|
1,965 |
|
Weighted-average common shares used in per share computation |
|
|
3,387 |
|
|
|
1,965 |
|
| |
|
|
|
|
|
|
|
|
Net loss per share from continuing operations: |
|
|
|
|
|
|
|
|
Basic and diluted |
|
$ |
(1.52 |
) |
|
$ |
(1.77 |
) |
Net income per share from discontinued operations: |
|
|
|
|
|
|
|
|
Basic and diluted |
|
$ |
- |
|
|
$ |
0.08 |
|
Net loss per share: |
|
|
|
|
|
|
|
|
Basic and diluted |
|
$ |
(1.52 |
) |
|
$ |
(1.69 |
) |
|
| 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 |
|
|
The following shares of common stock equivalents and warrants were excluded from the computation of diluted earnings per share for the years March 31, 2015 and 2014 because including them would have been anti-dilutive.
| |
|
March 31,
2015
|
|
|
March 31,
2014
|
|
| |
|
|
|
|
|
|
Outstanding Options |
|
|
665,058 |
|
|
|
371,759 |
|
Outstanding RSUs |
|
|
23,921 |
|
|
|
129,050 |
|
| |
|
|
688,979 |
|
|
|
500,809 |
|
| |
|
|
|
|
|
|
|
|
Warrants - Sequel |
|
|
- |
|
|
|
92,888 |
|
Warrants S-3 (June 2014) |
|
|
27,405 |
|
|
|
- |
|
Warrants - S-1 |
|
|
4,256,000 |
|
|
|
- |
|
Warrants - underwriters |
|
|
186,066 |
|
|
|
- |
|
Shares Excluded from EPS calculation |
|
|
5,158,450 |
|
|
|
593,697 |
|
|
| 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 |
|
|
|
|
|
|
|
|