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Income (Loss) Per Common Share
 12 Months Ended
Dec. 31, 2023
Income (loss) per common share [Abstract]  
Income (Loss) Per Common Share

12. Income (loss) per common share

 

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

 

   Years Ending December 31, 
   2023   2022 
Numerator:        
Net income (loss) from continuing operations  $(7,699)  $1,074 
Net income (loss) from discontinued operations   (2,579)   110,923 
Net income (loss)  $(10,278)  $111,997 
Denominator:          
Weighted average common shares for basic income (loss) per common share   10,441    9,028 
Effect of dilutive securities   
—
    338 
Weighted average common shares for diluted income (loss) per common share   10,441    9,366 
           
Income (loss) per common share, continuing operations          
Basic  $(0.74)  $0.12 
Diluted  $(0.74)  $0.11 
Income (loss) per common share, discontinued operations          
Basic  $(0.25)  $12.29 
Diluted  $(0.25)  $11.84 

 

Since we reported a net loss from continuing operations for 2023, 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 2023.

 

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 2023 and 2022 (in thousands):

 

   December 31, 
   2023   2022 
Stock options   72    172 
RSUs   40    
—
 
PSUs   14    
—
 
Warrants   99    101 
    225    273