Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share

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Net Loss Per Share
12 Months Ended
Dec. 31, 2013
Net Loss Per Share [Text Block]

Note 2. Net Loss Per Share

Basic net loss per share is computed using the weighted-average number of common shares outstanding during the period except that it does not include unvested common shares subject to repurchase or cancellation. Diluted net income per share is computed using the weighted-average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options, warrants, restricted shares, and unvested common shares subject to repurchase or cancellation. The dilutive effect of outstanding stock options, restricted shares, restricted stock units, and warrants is not reflected in diluted earnings per share because we incurred net losses for the years ended December 31, 2013 and 2012, and the effect of including these potential common shares in the diluted earnings per share calculations would be anti-dilutive and are therefore not included in the calculations.

The following table sets forth the computation of the basic and diluted loss per share (in millions except shares and per share amounts):

    2013     2012  

Numerator:

           

Net loss

$ (4.9 ) $ (4.1 )

Denominator:

           

Weighted-average common shares outstanding

  13,009,575     12,491,106  

Basic and diluted net loss per share

$ (0.37 ) $ (0.32 )