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Net Income (Loss) per Share | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Net Income (Loss) per Share | Net Income (Loss) per Share Basic net income (loss) per share is computed by dividing net income (loss) applicable to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted net income (loss) per share reflects the potential dilution of securities that could share in the earnings of an entity. The calculation of diluted net income (loss) per share gives effect to common share equivalents; however, potential common shares are excluded if their effect is anti-dilutive. Common share purchase warrants, preferred shares issued and outstanding, and options and RSUs outstanding are considered common share equivalents and are only included in the calculation of diluted earnings per common share when net income is reported and their effect is dilutive. A reconciliation of the numerators and denominators is as follows (in thousands, except share and per share amounts):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Numerator: |  |  |  |  |  |  |
Net income (loss) available to common shareholders | $ | 104 |  |  | $ | (6,307) |  |  | $ | (2,249) |  |  | $ | (14,639) |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding for basic income (loss) per share | 20,733,022 |  |  | 12,653,413 |  |  | 18,681,399 |  |  | 11,340,973 |
Net effect of dilutive common share equivalents | 1,590,284 |  |  | — |  |  | — |  |  | — |
Weighted average common shares outstanding for diluted net income (loss) per share | 22,323,306 |  |  | 12,653,413 |  |  | 18,681,399 |  |  | 11,340,973 |
Net income (loss) per share: |  |  |  |  |  |  |
Basic | $ | 0.01 |  |  | $ | (0.50) |  |  | $ | (0.12) |  |  | $ | (1.29) |
Diluted | $ | 0.005 |  |  | $ | (0.50) |  |  | $ | (0.12) |  |  | $ | (1.29) |
Anti-dilutive common share equivalents excluded from the computation of diluted net income (loss) per share were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Common share purchase warrants | 5,100,780 |  |  | 6,042,354 |  |  | 5,100,780 |  |  | 6,042,354 |
Preferred shares issued and outstanding | — |  |  | 6,800,565 |  |  | 1,590,284 |  |  | 6,800,565 |
Options and RSUs outstanding | 1,518,165 |  |  | 932,294 |  |  | 1,518,165 |  |  | 932,294 |

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- 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
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