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Earnings (Loss) Per Share
9 Months Ended
Sep. 30, 2021
Earnings (Loss) Per Share  
Earnings (Loss) Per Share

3. Loss Per Share

 

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, warrants and convertible portion of senior convertible notes 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 September 30,

 


Nine months ended September 30,


 

 

2021

 

 

2020

 


2021



2020


Numerator:

 

 

 

 

 

 

 

 









Net loss

 

$

(2,169

)

 

$

(1,260

)


$ (5,410 )
$ (5,044 )

Denominator:

 

 

 

 

 

 

 

 









Basic weighted average shares outstanding

 

 

19,449,283

 

 

 

17,000,215

 



19,002,758


16,768,088

Dilutive common stock equivalents using treasury stock method

 

 

 

 

 

 







Diluted weighted average shares outstanding

 

 

19,449,283

 

 

 

17,000,215

 



19,002,758


16,768,088

 

 

 

 

 

 

 

 

 









Basic loss per common share

 

$

(0.11

)

 

$

(0.07

)


$ (0.28 )
$ (0.30 )

Diluted loss per common share

 

$

(0.11

)

 

$

(0.07

)


$ (0.28 )
$ (0.30 )

 

 

 

 

 

 

 

 

 









Weighted average options, warrants and convertible portion of senior convertible notes outstanding

 

 

4,240,247

 

 

 

511,332

 



3,826,807


528,107

Anti-dilutive options, warrants and convertible portion of senior convertible notes not included in the computation

 

 

4,240,247

 

 

 

511,332

 



3,826,807


528,107