Net Loss Per Share

12 Months Ended

Dec. 31, 2022

15. Net Loss Per Share

Basic and diluted net loss per share attributable to common stockholders was calculated as follows:


	Years ended December 31,
	2022		2021
		As restated (see Note 1)		As restated (see Note 1)
Numerator:
Net loss	$	(21,198)	$	(18,457)
Dividend on convertible exchangeable preferred shares		(201)		(201)
Net loss attributable to common shareholders	$	(21,399)	$	(18,658)
Deemed dividend on accretion of redeemable common stock		(135)		—
Remaining undistributed loss		(21,534)		(18,658)

	Years ended December 31, 2022				Years ended December 31, 2021
	Common Shareholders		Redeemable Common Shareholders		Common Shareholders		Redeemable Common Shareholders
Allocation of undistributed loss	$	(18,872)	$	(2,662)	$	(18,658)	$	-
Deemed dividend on accretion of redeemable common stock				135				-
Net loss attributable to common shareholders		(18,872)		(2,527)		(18,658)		-

Denominator:
Weighted-average number of common shares used in loss per share – basic and diluted		9,864,296		1,391,381		8,926,173		-
Loss per share - basic and diluted	$	(1.91)	$	(1.82)	$	(2.09)	$	-
Distributed earnings		—		0.09		—		-
Undistributed loss		(1.91)		(1.91)		(2.09)		-
Net loss per share	$	(1.91)	$	(1.82)	$	(2.09)	$	-


	Three And Six Months Ended June 30, 2022 (Unaudited)
	Three Months		Six Months
		As restated (see Note 1)	As restated (see Note 1)
Numerator:
Net loss	$	(4,575)	$	(8,683)
Dividend on convertible exchangeable preferred shares		(50)		(101)
Net loss attributable to common shareholders	$	(4,625)	$	(8,784)
Deemed dividend on accretion of redeemable common stock		(33)		(33)
Remaining undistributed loss		(4,658)		(8,817)

	Three Months Ended June 30, 2022 (Unaudited)				Six Months Ended June 30, 2022 (Unaudited)
	Common Shareholders		Redeemable Common Shareholders		Common Shareholders		Redeemable Common Shareholders
Allocation of undistributed loss	$	(4,646)	$	(12)	$	(8,805)	$	(12)
Deemed dividend on accretion of redeemable common stock				33				33
Net loss attributable to common shareholders		(4,646)		21		(8,805)		21

Denominator:
Weighted-average number of common shares used in loss per share – basic and diluted		10,109,466		26,623		10,051,622		13,385
Loss per share - basic and diluted	$	(0.46)	$	0.78	$	(0.88)	$	1.59
Distributed earnings		—		1.24		—		2.47
Undistributed loss		(0.46)		(0.46)		(0.88)		(0.88)
Net loss per share	$	(0.46)	$	0.78	$	(0.88)	$	1.59


	Three And Nine Months Ended September 30, 2022 (Unaudited)
	Three Months		Nine Months
		As restated (see Note 1)		As restated (see Note 1)
Numerator:
Net loss	$	(5,096)	$	(13,779)
Dividend on convertible exchangeable preferred shares		(50)		(151)
Net loss attributable to common shareholders	$	(5,146)	$	(13,930)
Deemed dividend on accretion of redeemable common stock		(102)		(135)
Remaining undistributed loss		(5,248)		(14,065)

	Three Months Ended September 30, 2022 (Unaudited)				Nine Months Ended September 30, 2022 (Unaudited)
	Common Shareholders		Redeemable Common Shareholders		Common Shareholders		Redeemable Common Shareholders
Allocation of undistributed loss	$	(4,235)	$	(1,013)	$	(13,040)	$	(1,025)
Deemed dividend on accretion of redeemable common stock				102				135
Net loss attributable to common shareholders		(4,235)		(911)		(13,040)		(890)

Denominator:
Weighted-average number of common shares used in loss per share – basic and diluted		9,937,958		2,376,721		10,013,317		809,821
Loss per share - basic and diluted	$	(0.43)	$	(0.38)	$	(1.30)	$	(1.10)
Distributed earnings		—		0.04		—		0.17
Undistributed loss		(0.43)		(0.42)		(1.30)		(1.27)
Net loss per share	$	(0.43)	$	(0.38)	$	(1.30)	$	(1.10)

Potential dilutive securities have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:


	December 31,	December 31,
	2022	2021
Stock options	1,610,590	1,099,357
Restricted Stock Units	137,657	18,992
6% convertible exchangeable preferred stock	85	85
Series A preferred stock	6,600	6,600
Series B preferred stock	1,188,725	1,188,725
Common stock warrants	3,234,379	3,234,379
Total shares excluded from calculation	6,178,036	5,548,138