Net Loss Per Share

12 Months Ended

Dec. 31, 2021

Note 3. Net Loss Per Share

Basic net loss per share is calculated by dividing net loss available to common stockholders by the weighted average shares of common stock outstanding for the period. Diluted net loss per share is calculated by dividing net loss by the weighted average shares of common stock outstanding for the period plus amounts representing the dilutive effect of securities that are convertible into common stock. The Company calculates diluted loss per common share using the treasury stock method.

The following table presents the computation of net loss per share (in thousands, except per share data):


	For the Years Ended December 31,
	2021			2020
Numerator:
Net loss	$	(10,087	)	$	(3,279	)
Denominator:
Basic weighted average common shares outstanding		10,019			9,714
Diluted weighted average common shares outstanding		10,019			9,714
Net loss per share:
Basic	$	(1.01	)	$	(0.34	)
Diluted	$	(1.01	)	$	(0.34	)

Potentially dilutive securities (in common stock equivalent shares) not included in the calculation of diluted net income (loss) per share because to do so would be anti-dilutive are as follows:


	For the Years Ended December 31,
	2021		2020
Stock options and restricted stock		1,175		1,548
Warrants outstanding		—		51
Total common stock equivalent shares		1,175		1,599