Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Share Attributable to Common Stock

v3.23.2
Net Loss per Share Attributable to Common Stock
6 Months Ended
Jun. 30, 2023
Net Loss per Share Attributable to Common Stock  
Net Loss per Share Attributable to Common Stock

Note 15. Net Loss per Share Attributable to Common Stock

Basic loss per share of common stock is computed by dividing net loss attributable to common stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted loss per share is calculated by adjusting the weighted-average number of shares outstanding for the dilutive effect of common stock equivalents outstanding for the period, determined using the treasury-stock method. Diluted loss per share excludes, when applicable, the potential impact of stock options, unvested shares of restricted stock awards, and common stock warrants because their effect would be anti-dilutive due to net loss.

The calculation of basic and diluted net loss per share attributable to common stock was as follows (amounts in thousands except share data):

    

Three Months Ended

    

Six Months Ended

June 30, 

June 30, 

    

2023

    

2022

 

2023

    

2022

Numerator:

Net loss attributable to common stock—basic and diluted

$

(4,345)

$

(5,669)

$

(10,046)

$

(11,666)

Denominator:

Weighted-average basic and diluted shares outstanding

16,023,981

16,039,971

16,017,560

16,180,782

Net loss per share attributable to common stock—basic and diluted

$

(0.27)

$

(0.35)

$

(0.63)

$

(0.72)

The following outstanding shares of common stock equivalents were excluded from the computation of the diluted net loss per share attributable to common stock for the periods presented because their effect would have been anti-dilutive:

    

Three Months Ended

    

Six Months Ended

June 30, 

June 30, 

    

2023

    

2022

    

2023

    

2022

Stock options

147,707

43,996

147,707

43,996

Non-vested restricted stock awards

1,979,578

1,192,447

1,979,578

1,192,447

Non-vested restricted stock units

1,300,494

1,300,494

Common stock warrants

240,100

240,100

240,100

240,100

Convertible debt

583,333

583,333