Net Loss Per Share

6 Months Ended

Jun. 30, 2025

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):


	Three months ended June 30,						Six months ended June 30,
	2025			2024			2025			2024
Numerator:
Net loss	$	(1,475	)	$	(2,513	)	$	(3,021	)	$	(4,968	)
Denominator:
Basic weighted average common shares outstanding		11,841			10,938			11,711			10,736
Plus dilutive effect of potential common shares		—			—			—			—
Diluted weighted average common shares outstanding		11,841			10,938			11,711			10,736
Net loss per share:
Basic	$	(0.12	)	$	(0.23	)	$	(0.26	)	$	(0.46	)
Diluted	$	(0.12	)	$	(0.23	)	$	(0.26	)	$	(0.46	)

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):


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
Stock options, restricted stock and performance stock		2,969		2,387		2,305		2,443
Common stock equivalent shares		2,969		2,387		2,305		2,443