XML 28 R17.htm IDEA: XBRL DOCUMENT

BASIC AND DILUTED LOSS PER COMMON SHARE

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

BASIC AND DILUTED LOSS PER COMMON SHARE

11. BASIC AND DILUTED LOSS PER COMMON SHARE

Basic and diluted loss per common share is calculated based on the weighted average number of vested shares outstanding even if such shares are not legally outstanding during the period. The Company’s employee and director equity 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):

Three Months Ended Nine Months Ended

September 30, September 30,

2022 2021 2022 2021

Numerator:

Net loss $ (1,311 ) $ (434 ) $ (4,586 ) $ (769 )

Denominator:

Weighted average basic shares outstanding 9,770 8,726 9,713 8,726

Effect of dilutive securities - equity based compensation plans — — — —

Denominator for diluted net loss per common share 9,770 8,726 9,713 8,726

Net loss per common share:

Basic $ (0.13 ) $ (0.05 ) $ (0.47 ) $ (0.09 )

Diluted $ (0.13 ) $ (0.05 ) $ (0.47 ) $ (0.09 )

As of September 30, 2022 and 2021, diluted loss per share excludes 671 and 674 potentially dilutive common shares related to equity awards, as their effect was anti-dilutive.