Numerator:

Net loss

$

(468

)

$

(789

)

$

(986

)

$

(2,153

)

Redemption of Series C Convertible Preferred Stock

-

(331

)

Net loss applicable to common shareholders

$

(468

)

$

(789

)

$

(986

)

$

(2,484

)

Denominator:

Weighted-average shares outstanding for basic earnings per share

12,145,676

11,945,350

12,091,047

10,956,127

Effect of dilutive securities:

Options

-

Warrants

-

Unvested restricted stock

-

Weighted-average shares outstanding for diluted earnings per share

12,145,676

11,945,350

12,091,047

10,956,127

Basic net loss per share

$

(0.04

)

$

(0.07

)

$

(0.08

)

$

(0.23

)

Diluted net loss per share

$

(0.04

)

$

(0.07

)

$

(0.08

)

$

(0.23

)