| Net Loss Per Share |
Note 8 – Net Loss Per Share
Net loss per share has been computed in accordance with ASC 260
Earnings per Share. The following table sets forth the
computation of basic and diluted net loss per share:
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Thirteen Weeks Ended |
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Thirty-Nine Weeks Ended |
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|
September 28,
2013 |
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September 29,
2012 |
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September 28,
2013 |
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September 29,
2012 |
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Net loss per share:
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Numerator:
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Net loss
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|
$ |
(1,399 |
) |
|
$ |
(2,711 |
) |
|
$ |
(14,309 |
) |
|
$ |
(5,195 |
) |
|
Dividends on Series A Convertible Preferred Stock
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|
60 |
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|
— |
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|
124 |
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|
— |
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Net loss available to common shares
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|
$ |
(1,459 |
) |
|
$ |
(2,711 |
) |
|
$ |
(14,433 |
) |
|
$ |
(5,195 |
) |
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Denominator:
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Weighted-average common shares outstanding (basic)
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|
33,218 |
|
|
|
30,854 |
|
|
|
32,493 |
|
|
|
30,716 |
|
|
Common equivalent shares from common stock options and warrants
|
|
|
— |
|
|
|
— |
|
|
|
— |
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|
|
— |
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|
Weighted-average common shares outstanding (diluted)
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|
|
33,218 |
|
|
|
30,854 |
|
|
|
32,493 |
|
|
|
30,716 |
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|
|
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|
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|
Basic and diluted net loss per share
|
|
$ |
(0.04 |
) |
|
$ |
(0.09 |
) |
|
$ |
(0.44 |
) |
|
$ |
(0.17 |
) |
The weighted-average anti-dilutive securities, which are excluded
from the calculation of diluted earnings per share due to the
Company’s net loss position for the periods then ended
(including securities that would otherwise be excluded from the
calculation of diluted earnings per share due to the
Company’s stock price), are as follows:
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|
|
|
|
|
|
| |
|
Thirteen Weeks Ended |
|
|
Thirty-Nine Weeks Ended |
|
| |
|
September 28,
2013
|
|
|
September 29,
2012
|
|
|
September 28,
2013
|
|
|
September 29,
2012
|
|
|
Common stock warrants
|
|
|
50 |
|
|
|
50 |
|
|
|
50 |
|
|
|
50 |
|
|
Series A Convertible Preferred Stock
|
|
|
4,150 |
|
|
|
— |
|
|
|
2,110 |
|
|
|
— |
|
|
Options to purchase common stock
|
|
|
6,619 |
|
|
|
7,677 |
|
|
|
7,079 |
|
|
|
7,727 |
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
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Total
|
|
|
10,819 |
|
|
|
7,727 |
|
|
|
9,239 |
|
|
|
7,777 |
|
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