Basic and Diluted Earnings per Common Share

12 Months Ended

Dec. 31, 2021

Basic and Diluted Earnings per Common Share [Abstract]

Basic and Diluted Earnings per Common Share

12)	Basic and Diluted Earnings per Common Share

Basic net loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period, without consideration of potential common shares. Diluted net loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding plus potential common shares. Stock options, restricted stock units (“RSUs”), and other convertible securities are considered potential common shares and are included in the calculation of diluted net loss per share using the treasury method when their effect is dilutive. The following table shows the amount of stock options, RSUs and convertible preferred stock that were excluded from the computation of diluted net loss per common share for the year ended December 31, 2021, as their effect was anti-dilutive:

	Year ended December 31, 2021
Stock options		3,988,000
RSUs		240,000
Preferred stock converted into common stock		42,000
Total potential common shares excluded from computation		4,270,000

There were no stock options, RSUs or convertible preferred stock outstanding prior to the Merger to exclude from diluted net loss per common share for the year ended December 31, 2020.