Annual report pursuant to Section 13 and 15(d)

Note 15 - Historical Basic and Diluted Net Loss Per Share

v3.7.0.1
Note 15 - Historical Basic and Diluted Net Loss Per Share
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Earnings Per Share [Text Block]
15.
Historical Basic and Diluted Net Loss per Share
 
On
December
28,
2016,
the Company effected a
one
-for-
ten
reverse split of the issued and outstanding shares of its common stock in order to achieve the requisite increase in the market price of its common stock to be in compliance with the NASDAQ minimum bid price requirement. At the effective time of the reverse split, every
10
shares of common stock issued and outstanding were automatically combined into
one
share of issued and outstanding common stock, without any
change in the par value per share. All historical share amount shave been adjusted to reflect the split.
 
A reconciliation of the number of shares used in the calculation of basic and diluted earnings per share for the years ended
December
 
31,
2016
and
2015
is as follows:
 
   
Years Ended December 31,
  
   
2016
    
2015
  
Basic weighted average number of
of common shares
    
1,816
     
1,548
 
Potential dilutive effect of stock-based awards
    
-
     
-
 
Diluted weighted average number
of common shares
    
1,816
     
1,548
 
 
The following outstanding stock-based awards were excluded from the computation of the effect of dilutive securities on loss per share for the following periods as they would have been anti-dilutive:
 
   
Years Ended December 31,
  
   
2016
    
2015
  
Options
    
87,871
     
-
 
Stock-settled stock appreciation rights (SARs)
    
102,680
     
102,680
 
Restricted stock units (RSUs)
    
102,369
     
-
 
     
292,920
     
102,680