Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2021

3. Earnings (Loss) Per Share

Earnings (loss) per common share is computed based on the weighted-average number of common shares outstanding and, when appropriate, dilutive potential common stock outstanding during the period. Stock options are considered to be potential common stock. The computation of diluted earnings (loss) per share does not assume exercise or conversion of securities that would have an anti-dilutive effect.

Basic earnings (loss) per common share is the amount of net earnings (loss) for the period available to each weighted-average share of common stock outstanding during the reporting period. Diluted earnings (loss) per common share is the amount of earnings (loss) for the period available to each weighted-average share of common stock outstanding during the reporting period and to each share of potential common stock outstanding during the period, unless inclusion of potential common stock would have an anti-dilutive effect.

The following table sets forth the computation of basic and diluted earnings (loss) per common share:

	Three months ended March 31,
	2021			2020
Numerator:
Net loss	$	(1,655	)	$	(1,847	)
Denominator:
Basic weighted average shares outstanding		18,775,773			16,650,725
Dilutive common stock equivalents using treasury stock method		—			—
Diluted weighted average shares outstanding		18,775,773			16,650,725

Basic loss per common share	$	(0.09	)	$	(0.11	)
Diluted loss per common share	$	(0.09	)	$	(0.11	)

Weighted average options, warrants and convertible portion of senior convertible notes outstanding		3,636,117			542,818
Anti-dilutive options, warrants and convertible portion of senior convertible notes not included in the computation		3,636,117			542,818