At December 31, 2015, Albrecht Corporation had outstanding 308,000 shares of common stock and 10,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock. On May 31, 2016, Albrecht sold for cash 12,000 shares of its common stock. No cash dividends were declared for 2016. For the year ended December 31, 2016, Albrecht reported a net loss of $976,000.

Required:

Calculate Albrecht's net loss per share for the year ended December 31, 2016.

Numerator / Denominator = Net Loss Per Share