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Earnings Per Share | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The Company calculates earnings per share (“EPS”) as required by FASB ASC Topic No. 260, Earnings Per Share. Basic EPS is calculated by dividing the net income available to common stockholders by the weighted average number of common shares outstanding for the period, excluding common stock equivalents. Diluted EPS is computed by dividing the net income available to common stockholders by the weighted average number of common shares outstanding for the period, plus the weighted average number of dilutive common stock equivalents outstanding for the period determined using the treasury-stock method. For periods with a net loss, the dilutive common stock equivalents are excluded from the diluted EPS calculation. For purposes of this calculation, common stock subject to repurchase by the Company, options, warrants, and convertible notes are considered to be common stock equivalents and are only included in the calculation of diluted earnings per share when their effect is dilutive. The following table sets forth the details of basic and diluted earnings per share (unaudited, in thousands, except per share amounts):
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Numerator: |  |  |  |  |  |  |
Net loss | $ | (5,133) |  |  | $ | (5,812) |  |  | $ | (17,684) |  |  | $ | (21,307) |
Denominator: |  |  |  |  |  |  |
Weighted average shares outstanding – basic | 67,354 |  |  | 55,722 |  |  | 62,297 |  |  | 55,140 |
Potential common shares – options / warrants (treasury stock method) and convertible notes (as if converted method) | — |  |  | — |  |  | — |  |  | — |
Weighted average shares outstanding – diluted | 67,354 |  |  | 55,722 |  |  | 62,297 |  |  | 55,140 |
Shares excluded (anti-dilutive) | 7,163 |  |  | 4,726 |  |  | 8,722 |  |  | 2,182 |
Net loss per common share: |  |  |  |  |  |  |
Basic | $ | (0.08) |  |  | $ | (0.10) |  |  | $ | (0.28) |  |  | $ | (0.39) |
Diluted | $ | (0.08) |  |  | $ | (0.10) |  |  | $ | (0.28) |  |  | $ | (0.39) |
The following shares were excluded from the computation of diluted net loss per share as the impact of including those shares would be anti-dilutive (unaudited, in thousands):
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Convertible notes, as if converted | 2,178 |  |  | 2,460 |  |  | 3,399 |  |  | 823 |
Outstanding stock options | 84 |  |  | 138 |  |  | 84 |  |  | 144 |
Outstanding warrants | 4,901 |  |  | 2,128 |  |  | 5,239 |  |  | 1,215 |
Total anti-dilutive shares | 7,163 |  |  | 4,726 |  |  | 8,722 |  |  | 2,182 |
During the quarter ended September 30, 2023, there were 2.0 million warrants that expired unexercised.

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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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