v3.23.1

Note 3 - Net Loss Per Share

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

3. NET LOSS PER SHARE

Basic net loss per share is calculated by dividing net loss by the weighted-average number of shares of common stock outstanding during the period, without consideration for common stock equivalents. Diluted net loss per share is computed by dividing net loss by the weighted-average number of common stock equivalents outstanding for the period determined using the treasury-stock method. For purposes of this calculation, common stock warrants and stock options are considered to be common stock equivalents and are only included in the calculation of diluted net loss per share when their effect is dilutive.

The following table sets forth the computation of basic and diluted net loss and the weighted average number of shares used in computing basic and diluted net loss per share (in thousands, except per share data):

		For the year ended December 31,
		2022				2021
Numerator:
Net loss		$	(43,584	)		$	(22,141	)
Net loss allocated to stockholders of the Company		$	(43,700	)		$	(23,013	)
Denominator:
Weighted-average shares of common stock outstanding used in computing net loss per share, basic and diluted			65,960				54,466
Net loss per share:
Basic and diluted		$	(0.66	)		$	(0.42	)

Due to the net loss, all the outstanding shares of common stock equivalents were excluded from the calculation of diluted net loss per share attributable to common stockholders for the years ended December 31, 2022 and 2021 because including them would have been antidilutive:

		December 31,
		2022				2021
Options to purchase common stock and restricted stock units ("RSUs")			12,741,394				5,977,179
Preferred stock			31,850,000				3,790,755
Restricted Stock			388,750				-
Shares reserved for convertible notes			8,215,706				8,213,880
Warrants for common stock			15,928,867				15,928,867
Total potential dilutive shares			69,124,717				33,910,681

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The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
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-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI https://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
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-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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