Support.com 2009 Annual Report Download - page 54

Download and view the complete annual report

Please find page 54 of the 2009 Support.com annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 92

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92

Table of Contents
SUPPORT.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Costs incurred by us between the completion of the working model and the point at which the product is ready for general release have been insignificant.
Accordingly, we have charged all such costs to research and development expense in the period in which they were incurred in the accompanying statements of
operations.
Purchased Technology and Internal Use Software
We capitalize costs related to software that we license and incorporate into our product and service offerings or develop for internal use. In 2009, we
acquired purchased technology for $350,000 and recorded amortization expense related to this technology of $41,000. There were no costs capitalized in 2008 or
2007. In addition, in 2009, we capitalized $62,000 related to software developed for internal use and will amortize over the useful life of this software once it is
placed into service.
Net Loss Per Share
Basic net loss per share is computed using our net loss and the weighted average number of common shares outstanding during the reporting period.
Diluted net loss per share is computed using our net loss and the weighted average number of common shares outstanding, including the effect from the potential
issuance of common stock such as stock issuable pursuant to the exercise of stock options using the treasury stock method when dilutive.
The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share amounts):
Year Ended December 31,
2009 2008 2007
Net loss $ (14,577) $ (19,106) $ (21,369)
Basic:
Weighted-average shares of common stock outstanding 46,378 46,098 45,610
Shares used in computing basic net income per share 46,378 46,098 45,610
Basic net loss per share $ (0.31) $ (0.41) $ (0.47)
Diluted:
Weighted-average shares of common stock outstanding 46,378 46,098 45,610
Add: Common equivalent shares outstanding — — —
Shares used in computing diluted net income per share 46,378 46,098 45,610
Diluted net loss per share $ (0.31) $ (0.41) $ (0.47)
For the years ended December 31, 2009, 2008 and 2007, $11.4 million, $12.7 million and $7.7 million outstanding options were excluded from the
computation of diluted net loss per share since their effect would have been anti-dilutive.
Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss relate entirely to accumulated foreign currency translation losses and unrealized gains and
losses on investments. Accumulated currency translation losses, net of
53
Source: Support.com, Inc., 10-K, March 12, 2010 Powered by Morningstar® Document Research℠