Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v2.4.0.6
Net Loss Per Share
3 Months Ended
Mar. 31, 2012
Net Loss Per Share [Abstract]  
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:

 

(unaudited)    Thirteen
Weeks Ended
March 31,
2012
    Thirteen
Weeks Ended
April 2,
2011
 

Net Loss Per Share

    

Numerator:

    

Net loss

   $ (788   $ (245

Denominator:

    

Weighted-average common shares outstanding (basic)

     30,638,320        30,450,078   

Common equivalent shares from common stock options and warrants

     —          —     
  

 

 

   

 

 

 

Weighted-average common shares outstanding (diluted)

     30,638,320        30,450,078   

Basic and diluted net loss per share

   $ (0.03   $ (0.01
  

 

 

   

 

 

 

 

The anti-dilutive securities, which are excluded from the calculation of diluted earnings per share due to the Company's stock price, are as follows:

 

(unaudited)    Thirteen
Weeks Ended
March 31,
2012
     Thirteen
Weeks Ended
April 2,
2011
 

Common stock warrants

     20,000         —     

Options to purchase common stock

     4,365,001         1,200,240   
  

 

 

    

 

 

 

Total

     4,385,001         1,200,240   
  

 

 

    

 

 

 

Additionally, 932,832 and 1,757,070 dilutive common equivalent warrant and option shares have been excluded from the calculation of dilutive earnings per share because of their anti-dilutive effect on the net loss per share for the thirteen months ended March 31, 2012 and April 2, 2011, respectively.