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Loss Per Common Share
12 Months Ended
Dec. 31, 2023
Loss Per Common Share  
Loss Per Common Share

Note 18 - Loss Per Common Share

 

Basic net loss per common share is computed by dividing net loss by the weighted-average number of shares of Common Stock outstanding. Diluted loss per common share reflects, in periods in which it has a dilutive effect, the impact of common shares issuable upon exercise of stock options and warrants as well as non-vested restricted stock awards.  The computation of diluted loss per common share excludes those options and warrants with an exercise price in excess of the average market price of the Company’s Common Stock during the periods presented.

 

The computation of diluted loss per common share excludes outstanding options, warrants and non-vested restricted stock awards in periods where the exercise of such options and warrants or the vesting of such restricted stock awards would be anti-dilutive. For the years ended December 31, 2023 and 2022, no options, warrants or restricted stock awards were included in the computation of diluted loss per common share as they would have been anti-dilutive for the relevant periods and, as a result, the weighted average number of shares of Common Stock used in the calculation of diluted loss per common share has not been adjusted for the effect of such options, warrants and non-vested restricted stock awards.

 

The reconciliation of the weighted average number of shares of Common Stock used in the calculation of basic and diluted loss per common share follows:

 

 

 

Years ended

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding

 

 

10,756,487

 

 

 

10,645,365

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities, common share equivalents:

 

 

 

 

 

 

 

 

Stock options

 

 

-

 

 

 

-

 

Warrants

 

 

-

 

 

 

-

 

Restricted stock awards

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding,

 

 

 

 

 

 

 

 

used for computing diluted loss per share

 

 

10,756,487

 

 

 

10,645,365