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NET LOSS PER SHARE
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
NET LOSS PER SHARE

NOTE 12-NET LOSS PER SHARE

The following table sets forth the computation of basic and diluted net loss per share for the years ended December 31, 2021, 2020 and 2019:

 

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(in thousands)

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss

 

$

(5,828

)

 

$

(23,676

)

 

$

(3,913

)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding-Basic

 

 

36,027

 

 

 

35,881

 

 

 

35,556

 

Potentially dilutive ordinary share equivalents-stock
   options and restricted stock

 

 

—

 

 

 

—

 

 

 

—

 

Weighted average shares outstanding–Diluted

 

 

36,027

 

 

 

35,881

 

 

 

35,556

 

Net loss per share–Basic

 

$

(0.16

)

 

$

(0.66

)

 

$

(0.11

)

Net loss per share–Diluted

 

$

(0.16

)

 

$

(0.66

)

 

$

(0.11

)

 

The dilutive effect of share-based awards is reflected in diluted net loss per share by application of the treasury stock method, which includes consideration of unamortized share-based compensation expense and the dilutive effect of in-the-money options and unvested restricted stock units. Under the treasury stock method, the amount the employee must pay for exercising stock options and unamortized share-based compensation expense are assumed proceeds to be used to repurchase hypothetical shares. An increase in the fair market value of the Company’s ordinary share can result in a greater dilutive effect from potentially dilutive awards.

For the years ended December 31, 2021, 2020 and 2019, there was nil ordinary shares that were dilutive.