Net Loss per Common Share |
9 Months Ended | ||
|---|---|---|---|
Sep. 30, 2011 | |||
| Net Loss per Common Share | |||
| Net Loss per Common Share |
Basic loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding and excluding any potential dilution. Diluted loss per common share is also computed by dividing net loss by the weighted average number of common shares outstanding, but also reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted from the issuance of common stock that would then share in earnings, and such calculation excludes common shares in treasury. Basic and diluted loss per common share are identical for all periods presented, with the exception of the three months ended September 30, 2010 as potentially dilutive securities of the Company have been excluded from the calculation of the diluted net loss per common share because the inclusion of such securities would be anti-dilutive. The Company did not disclose earnings per share and the diluted shares outstanding for three months ended September 30, 2010 since the impact is immaterial and the Company had a net loss for the nine months ended September 30, 2010. As of September 30, 2011 and December 31, 2010, there were stock options and warrants to acquire 16,857,937 and 13,701,378 shares of our common stock, respectively, which were the potentially dilutive securities of the Company.
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