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Earnings Per Share | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic earnings per share (“EPS”) excludes dilution and is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or otherwise result in the issuance of common stock that shared in the earnings of the entity. Diluted EPS also utilizes the treasury stock method which prescribes a theoretical buy back of shares from the theoretical proceeds of all options outstanding during the period, and the if-converted method for convertible debt. The following is a reconciliation of the weighted average number of common shares outstanding used in calculating basic and diluted net loss per share (in thousands):
| For the three months ended |  |
| March 31, 2024 |  | March 31, 2023 |  |  |  |
Net (loss) income - basic | $ | (6,265) |  |  | $ | 550 |  |  |  |  |
Interest on unsecured convertible promissory note | — |  |  | 60 |  |  |  |  |
Net (loss) income - diluted | $ | (6,265) |  |  | $ | 610 |  |  |  |  |
Weighted average shares outstanding - basic | 18,045 |  | 16,748 |  |  |  |
Diluted shares- Stock Options | — |  |  | 22 |  |  |  |
Diluted shares- Stock Warrants | — |  |  | 1,051 |  |  |  |
Unsecured convertible promissory note | — |  |  | 240 |  |  |  |
Weighted average shares outstanding - diluted | 18,045 |  | 18,061 |  |  |  |
The following table represents the number of securities excluded from the income per share computation as a result of their anti-dilutive effect (in thousands):
|  | For the three months ended |
Anti-dilutive securities |  | March 31, 2024 |  | March 31, 2023 |  |  |
Common stock purchase warrants |  | 376 |  | 581 |  |  |
Stock options |  | 4,452 |  | 870 |  |  |
Anti-dilutive securities |  | 4,828 |  | 1,451 |  |  |

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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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