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NET LOSS PER SHARE OF COMMON STOCK
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
NET LOSS PER SHARE OF COMMON STOCK

NOTE 13 - NET LOSS PER SHARE OF COMMON STOCK

 

Basic net loss per share of Common Stock (“EPS”) is computed by dividing (i) net loss (the “Numerator”), by (ii) the weighted average number of shares of Common Stock outstanding during the period (the “Denominator”).

 

The calculation of diluted EPS is also required to include the dilutive effect, if any, of stock options, unvested restricted stock awards, convertible debt and Preferred Stock, and other Common Stock equivalents computed using the treasury stock method, in order to compute the weighted average number of shares outstanding. As of March 31, 2023 and 2022, all Common Stock equivalents were antidilutive.

 

Presented below are the calculations of the Numerators and the Denominators for basic and diluted EPS (dollars in thousands, except per share amounts):

 

   2023   2022 
   For the Three Months Ended March 31, 
   2023   2022 
Calculation of Numerator:          
Net loss  $(1,703)   (5,331)
           
Loss applicable to common stockholders  $(1,703)  $(5,331)
           
Calculation of Denominator:          
Weighted average number of shares of Common Stock outstanding   24,764,041    21,233,485 
           
Net loss per share of Common Stock (basic and diluted)  $(0.07)  $(0.25)

 

 

As of March 31, 2023 and December 31, 2022, the following potential Common Stock equivalents were excluded from the computation of diluted net loss per share of Common Stock since the impact of inclusion was antidilutive (in thousands):

 

   March 31,   December 31, 
   2023    2022 
         
Common stock warrants   12,372    3,616 
Common stock options   3,119    3,619 
Total   15,491    7,235