Net Loss Per Share

12 Months Ended

Dec. 31, 2022

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,
	2022			2021
Numerator:
Net loss	$	(8,659	)	$	(10,087	)
Denominator:
Basic weighted average common shares outstanding		10,190			10,019
Diluted weighted average common shares outstanding		10,190			10,019
Net loss per share:
Basic	$	(0.85	)	$	(1.01	)
Diluted	$	(0.85	)	$	(1.01	)

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


	For the Years Ended December 31,
	2022		2021
Stock options and restricted stock		1,903		1,175
Total common stock equivalent shares		1,903		1,175