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LOSS PER SHARE | 12 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
LOSS PER SHARE | 12. LOSS PER SHARE Basic net loss per common share is calculated by dividing net loss attributable to common shareholders by the weighted-average number of common shares outstanding for the respective period. Diluted net loss per common share is calculated by dividing adjusted net loss by the diluted weighted average number of common shares outstanding, which includes the effect of potentially dilutive securities. Potentially dilutive securities for this calculation consist of stock options and warrants, which are measured using the treasury stock method and unvested shares of restricted common stock. When the Company recognizes a net loss, as was the case for the years ended December 31, 2022 and 2021, all potentially dilutive shares are anti-dilutive and are consequently excluded from the calculation of dilutive net loss per common share. Unvested shares of restricted stock participate in dividend distributions; however, they do not participate in losses, therefore because the Company had net losses for both years ended December 31, 2022 and 2021, the dividends attributable to participating securities are not included as a reduction in the calculation of loss attributable to common shareholders. The following table sets forth the calculation of basic and diluted net income (loss) per share for the years ended December 31, 2022 and 2021: SCHEDULE OF BASIC AND DILUTED NET LOSS PER SHARE
|  | 2022 |  |  | 2021 |
|  | (in thousands except per share data) |
Net loss attributable to common shareholders |  | $ | (963 | ) |  | $ | (1,770 | )
Basic weighted-average common shares outstanding |  |  | 24,668 |  |  |  | 4,492 |
Dilutive effect of potentially dilutive securities |  |  | - |  |  |  | - |
Diluted weighted-average common shares outstanding |  |  | 24,668 |  |  |  | 4,492 |
Basic net loss per share |  | $ | (0.04 | ) |  | $ | (0.39 | )
Diluted net loss per share |  | $ | (0.04 | ) |  | $ | (0.39 | )
For the years ended December 31, 2022 and 2021, potentially dilutive securities were excluded from the calculation of weighted average shares because they were anti-dilutive are as follows: SCHEDULE OF ANTI-DILUTIVE WEIGHTED AVERAGE SHARES
|  | 2022 |  |  | 2021 |
|  | (in thousands) |
Stock options |  |  | 28 |  |  |  | 31 |
Unvested shares of restricted stock |  |  | 687 |  |  |  | 174 |
Warrants |  |  | - |  |  |  | 50 |
Total |  |  | 715 |  |  |  | 255 |

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