XML 24 R14.htm IDEA: XBRL DOCUMENT v3.23.2
BASIC AND DILUTED LOSS PER SHARE
6 Months Ended
Jun. 30, 2023
BASIC AND DILUTED LOSS PER SHARE  
BASIC AND DILUTED LOSS PER SHARE

8.    BASIC AND DILUTED LOSS PER SHARE

The table below presents the computation of basic and diluted loss per share (in thousands, except share and per share information):

    

Three Months Ended

Six Months Ended

June 30, 

June 30, 

   

2023

   

2022

2023

   

2022

Basic:

  

 

  

  

 

  

Net loss available to common stockholders - basic

$

(1,648)

$

(3,810)

$

(4,142)

$

(8,156)

Weighted average common shares outstanding - basic

 

28,219,824

 

3,928,704

 

28,216,641

 

3,858,676

Loss per share - basic

$

(0.06)

$

(0.97)

$

(0.15)

$

(2.11)

  

 

  

  

 

  

Diluted:

  

 

  

  

 

  

Net loss available to common stockholders - diluted (1)

$

(1,648)

$

(3,810)

$

(4,142)

$

(8,156)

Weighted average common shares outstanding - diluted (1)

 

28,219,824

 

3,928,704

 

28,216,641

 

3,858,676

Loss per share - diluted

$

(0.06)

$

(0.97)

$

(0.15)

$

(2.11)

(1)For the three and six months ended June 30, 2023, no adjustment was made to the numerator and no incremental shares were added to the denominator for the Public Warrants being accounted for as a derivative liability, as the Public Warrants were out-of-the-money during the periods. Refer to Note 6 for additional information about the Public Warrants.

The following outstanding securities, presented based on amounts outstanding as of the end of each period, were not included in the computation of diluted net loss per share for the periods indicated, as they would have been anti-dilutive due to the net loss in each period.

    

Three Months Ended

Six Months Ended

June 30, 

June 30, 

   

2023

   

2022

2023

   

2022

Stock options

12,270,338

1,070,404

12,270,338

1,070,404

Restricted stock units

276,848

20,281

276,848

20,281

Warrants

36,593,924

593,924

36,593,924

593,924