Annual report pursuant to Section 13 and 15(d)

Basic and Diluted Net Loss per Share

v3.23.1
Basic and Diluted Net Loss per Share
12 Months Ended
Dec. 31, 2022
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, 2022 and 2021 are as follows (rounded to thousands):

 

 Schedule of Weighted Average Number of Shares

    Years Ended December 31,  
    2022     2021  
             
Basic weighted average number of common shares     4,238       4,135  
Potential dilutive effect of stock-based awards     -       -  
Diluted weighted average number of common shares     4,238       4,135  

 

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,  
    2022     2021  
Options     528       632  
Restricted stock units (RSUs)     249       329  
Warrants     -       1,405  
      777       2,366