Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share

v3.23.1
Net Loss Per Share
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share

Note 19. Net Loss Per Share

Basic net loss per share is computed by dividing net loss by weighted average number of common shares outstanding for the period (excluding outstanding stock options). Diluted net loss per share is computed using the weighted-average number of common shares outstanding for the period plus the potential effect of dilutive securities which are convertible into common shares (using the treasury stock method), except in cases in which the effect would be anti-dilutive. The following is a reconciliation of the numerators and denominators used in computing basic and diluted net loss per share:

(In thousands except per share data)

 

Year Ended

 

 

 

December 31, 2022

 

 

December 31, 2021

 

 

Numerator:

 

 

 

 

 

 

 

Net loss attributable to common stockholders

 

$

(17,738

)

 

$

(3,106

)

 

Denominator:

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

5,552

 

 

 

2,920

 

 

Effect of dilutive securities

 

 

 

 

 

 

 

Diluted weighted-average shares

 

 

5,552

 

 

 

2,920

 

 

 

 

 

 

 

 

 

 

Net loss per share attributable to common stockholders, basic and diluted

 

$

(3.20

)

 

$

(1.06

)

 

 

For the years ended December 31, 2022 and 2021, because the Company was in a loss position, basic net loss per share is the same as diluted net loss per share as the inclusion of the potential common shares would have been anti-dilutive.

The following table sets forth potential shares of common stock that are not included in the diluted net loss per share calculation above because to do so would be anti-dilutive for the periods indicated:

Anti-dilutive securities (In thousands)

 

December 31, 2022

 

 

December 31, 2021

 

Common shares issuable upon exercise of stock options

 

 

797

 

 

 

500

 

Common shares issuable on conversion of series F preferred stock

 

 

3,960

 

 

 

3,960

 

Common shares issuable upon exercise of warrants

 

 

2,299

 

 

 

 

Restricted stock awards

 

 

250

 

 

 

250

 

Common shares issuable upon conversion of senior secured convertible notes

 

 

14,256

 

 

 

 

Total

 

 

21,562

 

 

 

4,710