Annual report pursuant to Section 13 and 15(d)

Basic and Diluted Net Income (Loss) per Share

v3.24.1
Basic and Diluted Net Income (Loss) per Share
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Basic and Diluted Net Income (Loss) per Share

17. Basic and Diluted Net Income (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, 2023 and 2022 are as follows (rounded to thousands):

 

 Schedule of Weighted Average Number of Shares

    Years Ended December 31,  
    2023     2022  
Basic weighted average number of common shares     4,317       4,238  
Potential dilutive effect of stock-based awards     47       -  
Diluted weighted average number of common shares     4,364       4,238  

 

The Company’s Series B Preferred Stock, on an as converted basis of 7,833,334 shares and the following outstanding stock-based awards 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,  
    2023     2022  
Options     456       528  
Restricted stock units (RSUs)     237       249  
      693       777