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BASIC AND DILUTED LOSS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
BASIC AND DILUTED LOSS PER COMMON SHARE

16. BASIC AND DILUTED LOSS PER COMMON SHARE

 

Basic and diluted loss per common share is calculated based on the weighted average number of shares outstanding during the period. The Company’s employee and director stock option awards, as well as incremental shares issuable upon exercise of warrants, are not considered in the calculations if the effect would be anti-dilutive. The following table sets forth the computation of basic and diluted loss per share (in thousands, except per share data):

 

               
   For the Year Ended 
   December 31, 
   2021   2020 
Numerator:        
Net loss  $(2,167)  $(2,986)
           
Denominator:          
Weighted average basic shares outstanding   8,858    8,726 
Effect of dilutive securities - equity based compensation plans   —    — 
Denominator for diluted net loss per common share   8,858    8,726 
           
Net loss per common share:          
Basic  $(0.24)  $(0.34)
Diluted  $(0.24)  $(0.34)

 

 

As of December 31, 2021 and 2020, diluted loss per share excludes 411 and 370 potentially dilutive common shares related to vested option awards, as their effect was anti-dilutive.