v3.23.2
NET INCOME (LOSS) PER COMMON SHARE
 6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER COMMON SHARE NET INCOME (LOSS) PER COMMON SHARE
The following tables present the computations of basic and diluted net income (loss) per share from continuing operations:
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
(amounts in thousands, except per share data)
Basic (Loss) Per Share
Numerator
Net loss $(125,802)$(773)(161,705)$(11,846)
Denominator
Basic weighted average shares outstanding4,723 4,615 4,723 4,614 
Net loss per share - Basic$(26.64)$(0.17)$(34.24)$(2.57)
Diluted (Loss) Per Share
Numerator
Net loss $(125,802)$(773)$(161,705)$(11,846)
Denominator
Basic weighted average shares outstanding4,723 4,615 4,723 4,614 
Effect of RSUs and options under the treasury stock method— — — — 
Diluted weighted average shares outstanding4,723 4,615 4,723 4,614 
Net loss per share - Diluted$(26.64)$(0.17)$(34.24)$(2.57)

Reverse Stock Split

On June 30, 2023, the Company effected a one-for-thirty reverse stock split (the “Reverse Stock Split”) of our issued and outstanding shares of Common Stock. As a result of the Reverse Stock Split every thirty (30) shares of Common Stock issued and outstanding were automatically combined into one (1) share of issued and outstanding Common Stock, without any change in the par value per share. In addition, proportional adjustments were made to the number of shares of the Company’s Class A common stock subject to outstanding equity awards, as well as the applicable exercise price, to reflect the Reverse Stock Split. All information related to Common Stock, stock options, restricted stock units, earnings per share have been retroactively adjusted to give effect to the Reverse Stock Split for all periods presented. The Company effected the Reverse Stock Split to seek to regain compliance with the minimum average closing price requirement of Rule 802.01C of the New York Stock Exchange’s Listing Company Manual. Following the Reverse Stock Split, the Class A common stock continued to be traded on the OTC Pink under the symbol “AUDA” on a split-adjusted basis beginning on June 30, 2023.

No fractional shares were issued in connection with the Reverse Stock Split. Instead, any shareholders of Class A or Class B common stock who would have been entitled to receive fractional shares as a result of the Reverse Stock Split received cash payment equal to the product obtained by multiplying (a) the fraction of the share of Class A or Class B common stock which shareholder would have otherwise been entitled to receive by (b) the closing price per share of the Company's Class A common stock on the OTC Pink at the close of business on the date prior to the Effective Time.
Disclosure of Anti-Dilutive Shares
The following table presents those shares excluded as they were anti-dilutive:
Three Months Ended
June 30,		Six Months Ended
June 30,
Impact Of Equity Issuances2023202220232022
(amounts in thousands, except per share data)
Shares excluded as anti-dilutive under the treasury stock method:
Options17 20 19 20 
Price range of options: from$106.20 $106.20 $106.20 $106.20 
Price range of options: to$419.40 $419.40 $419.40 $419.40 
RSUs with service conditions268 113 268 28 
RSUs excluded with service and market conditions as market conditions not met25 3 25 3 
Excluded shares as anti-dilutive when reporting a net loss— 12 — 53