Income (Loss) per common share

9 Months Ended

Sep. 30, 2023

11. Income (Loss) per common share

The following table sets forth the computation of basic and diluted (loss) per common share (each adjusted to account for the Reverse Stock Split) for the periods presented (in thousands, except per share amounts):


	Three Months Ended September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022
Numerator:
Net income (loss) from continuing operations	$	(1,434	)	$	(14,631	)	$	(6,158	)	$	(47,379	)
Net income (loss) from discontinued operations		(1,944	)		(14,334	)		(3,237	)		81,674

Net income (loss)	$	(3,378	)	$	(28,965	)	$	(9,395	)	$	34,295

Denominator:
Weighted average common shares for basic loss per common share		10,701			9,261			10,241			8,877
Effect of dilutive securities		—			—			—			—

Weighted average common shares for diluted loss per common share		10,701			9,261			10,241			8,877

Income (loss) per common share, continuing operations
Basic	$	(0.13	)	$	(1.58	)	$	(0.60	)	$	(5.34	)

Diluted		(0.13	)		(1.58	)		(0.60	)		(5.34	)

Income (loss) per common share, discontinued operations
Basic	$	(0.18	)	$	(1.55	)	$	(0.32	)	$	9.20

Diluted		(0.18	)		(1.55	)		(0.32	)		9.20

Since we reported a net loss from continuing operations for the nine months ended September 30, 2023 and 2022, our potentially dilutive securities are deemed to be anti-dilutive, accordingly, there was no effect of dilutive securities. Therefore, our basic and diluted loss per common share and our basic and diluted weighted average common shares are the same for the nine months ended September 30, 2023 and 2022.

The following table sets forth the outstanding securities as of the periods presented which were not included in the calculation of diluted earnings per common share during the respective nine months ended September 30, 2023 and 2022 (in thousands):


	September 30, 2023
	2023		2022
Stock options		80		197
RSUs		84		301
PSUs		14		100
Warrants		99		411

		277		1,009