XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.23.2

LOSS PER SHARE | 6 Months Ended
--- | ---
Jun. 30, 2023
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 unvested shares of restricted common stock, which are measured using the treasury stock method. When the Company recognizes a net loss, as was the case for the three and six months ended June 30, 2023 and the six months ended June 30, 2022, all potentially dilutive shares are anti-dilutive and are consequently excluded from the calculation of dilutive net loss per common share. The following table sets forth the calculation of basic and diluted net income (loss) per share for the three and six months ended June 30, 2023 and 2022: SCHEDULE OF BASIC AND DILUTED NET LOSS PER SHARE
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (in thousands except per share data) |
Net income (loss) |  | $ | (2,515 | ) |  | $ | 122 |  |  | $ | (3,762 | ) |  | $ | (3,262 | )
Basic weighted average common shares outstanding |  |  | 25,187 |  |  |  | 24,924 |  |  |  | 25,183 |  |  |  | 24,324 |
Dilutive effect of potentially dilutive securities |  |  | - |  |  |  | 341 |  |  |  | - |  |  |  | - |
Diluted weighted average common shares outstanding |  |  | 25,187 |  |  |  | 25,265 |  |  |  | 25,183 |  |  |  | 24,324 |
Basic net income (loss) per share |  | $ | (0.10 | ) |  | $ | 0.00 |  |  | $ | (0.15 | ) |  | $ | (0.13 | )
Diluted net income (loss) per share |  | $ | (0.10 | ) |  | $ | 0.00 |  |  | $ | (0.15 | ) |  | $ | (0.13 | )
For the three and six months ended June 30, 2023 and 2022, potentially dilutive securities excluded from the calculation of weighted average shares because they were anti-dilutive are as follows: SCHEDULE OF ANTI-DILUTIVE WEIGHTED AVERAGE SHARES
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Stock options |  |  | 28 |  |  |  | 30 |  |  |  | 28 |  |  |  | 30 |
Unvested shares of restricted stock |  |  | 1,250 |  |  |  | - |  |  |  | 1,250 |  |  |  | 787 |
Total |  |  | 1,278 |  |  |  | 30 |  |  |  | 1,278 |  |  |  | 817 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration