Quarterly report pursuant to Section 13 or 15(d)

E. Net Income (Loss) Per Common Share

v3.7.0.1
E. Net Income (Loss) Per Common Share
9 Months Ended
Jun. 30, 2017
Net loss per weighted share attributable to common stockholders:  
Net Income (Loss) Per Common Share

The Company computes basic net income (loss) per weighted average share attributable to common stockholders using the weighted average number of shares of common stock outstanding during the period. The Company computes diluted net income (loss) per weighted average share attributable to common stockholders using the weighted average number of shares of common and dilutive potential common shares outstanding during the period. Potential common shares outstanding consist of stock options, convertible debt, warrants and convertible preferred stock using the treasury stock method and are excluded if their effect is anti-dilutive. Diluted weighted average common shares did not include any incremental shares for the nine months ended June 30, 2017 and 2016 issuable upon the exercise or conversion of convertible debt, stock options to purchase common stock, convertible preferred stock and warrants to purchase common stock. Diluted weighted average common shares excluded incremental shares of approximately 84,111,000 and 86,348,000 for the nine months ended June 30, 2017 and 2016, respectively, due to their anti-dilutive effect.

 

    For the three months     For the nine months  
    ended June 30,     ended June 30,  
    2017     2016     2017     2016  
    (in thousands, except per share data)  
Numerator:                        
Net loss   $ (949 )   $ (872 )   $ (3,071 )   $ (2,535 )
Less deemed dividend on Series C preferred stock     -       -       -       2,486  
Net loss attributable to common stockholders – basic   $ (949 )   $ (872 )   $ (3,071 )   $ (5,021 )
                                 
Net loss attributable to common stockholders – diluted   $ (949 )   $ (872 )   $ (3,071 )   $ (5,021 )
                                 
Denominator:                                
Weighted-average shares used in computing net loss per                                
share attributable to common stockholders – basic     152,086       151,652       152,086       147,521  
Effect of potentially dilutive securities:                                
Common stock warrants     -       -       -       -  
Convertible preferred stock     -       -       -       -  
Common stock options     -       -       -       -  
Non-participating common stock warrants     -       -       -       -  
Weighted-average shares used in computing net loss                                
per share attributable to common stockholders - diluted     152,086       151,652       152,086       147,521  
Basic net loss per common share   $ (0.01 )   $ (0.01 )   $ (0.02 )   $ (0.03 )
Diluted net loss per common share   $ (0.01 )   $ (0.01 )   $ (0.02 )   $ (0.03 )