Annual report pursuant to Section 13 and 15(d)

Basic and Diluted Net Loss per Share

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Basic and Diluted Net Loss per Share
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Basic and Diluted Net Loss per Share

 

18. Basic and Diluted Net Loss per Share

 

A reconciliation of the number of shares used in the calculation of basic and diluted earnings per share for the years ended December 31, 2021 and 2020 are as follows (rounded to thousands):

 

    Years Ended December 31,  
    2021     2020  
Basic weighted average number of common shares     4,135       4,029  
Potential dilutive effect of stock-based awards     -       -  
Diluted weighted average number of common shares     4,135       4,029  

 

The Company’s Series B Preferred Stock, on an as converted basis of 7,833,334 shares and the following outstanding stock-based awards and warrants were excluded from the computation of the effect of dilutive securities on loss per share for the following periods as they would have been anti-dilutive (rounded to thousands):

 

    Years Ended December 31,  
    2021     2020  
Options     632       849  
Restricted stock units (RSUs)     329       238  
Warrants     1,405       1,405  
      2,366       2,492