| Basic and Diluted Net Loss per Common Share |
2.
Basic and Diluted Net Loss per Common Share
Basic
net loss per share is calculated by dividing the net loss by the weighted-average number of common shares outstanding
for the period, without consideration for common stock equivalents. Diluted net loss per share is calculated by dividing the net loss
by the weighted-average number of common share equivalents outstanding for the period that are determined to be dilutive. Common stock
equivalents are primarily comprised of preferred stock, warrants and options for the purchase of common stock. The Company had potentially
dilutive securities, totaling approximately 1.8 million and 1.6 million as of September 30, 2021 and 2020, respectively.
Below
are basic and diluted loss per share data for the three months ended September 30, 2021, which are in thousands except for
share and per share data:
Schedule of Basic and Diluted Loss Per Share
| |
|
Basic Calculation |
|
|
Effect of Dilutive
Warrant
Securities
|
|
|
Diluted Calculation |
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(2,343 |
) |
|
$ |
(480 |
) |
|
$ |
(2,823 |
) |
| Deemed dividend and accretion of a discount |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net loss attributable to common stockholders |
|
$ |
(2,343 |
) |
|
$ |
(480 |
) |
|
$ |
(2,823 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares used in per common share calculations: |
|
|
24,703,156 |
|
|
|
366,187 |
|
|
|
25,069,343 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(0.09 |
) |
|
$ |
(0.02 |
) |
|
$ |
(0.11 |
) |
| Deemed dividend and accretion of a discount |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net loss attributable to common stockholders |
|
$ |
(0.09 |
) |
|
$ |
(0.02 |
) |
|
$ |
(0.11 |
) |
Below
are basic and diluted loss per share data for the nine months ended September 30, 2021, which are in thousands except for share and per
share data:
| |
|
Basic Calculation |
|
|
Effect of Dilutive
Warrant
Securities
|
|
|
Diluted Calculation |
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(7,175 |
) |
|
$ |
(225 |
) |
|
$ |
(7,400 |
) |
| Deemed dividend and accretion of a discount |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net loss attributable to common stockholders |
|
$ |
(7,175 |
) |
|
$ |
(225 |
) |
|
$ |
(7,400 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares used in per common share calculations: |
|
|
24,686,533 |
|
|
|
410,605 |
|
|
|
25,097,138 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(0.29 |
) |
|
$ |
- |
|
|
$ |
(0.29 |
) |
| Deemed dividend and accretion of a discount |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net loss attributable to common stockholders |
|
$ |
(0.29 |
) |
|
$ |
- |
|
|
$ |
(0.29 |
) |
Below
are basic and diluted loss per share data for the three months ended September 30, 2020, which are in thousands except for share
and per share data:
| |
|
Basic Calculation |
|
|
Effect of Dilutive
Warrant
Securities
|
|
|
Diluted Calculation |
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(2,438 |
) |
|
$ |
- |
|
|
$ |
(2,438 |
) |
| Deemed dividend and accretion of a discount |
|
|
(74 |
) |
|
|
- |
|
|
|
(74 |
) |
| Net loss attributable to common stockholders |
|
$ |
(2,512 |
) |
|
$ |
- |
|
|
$ |
(2,512 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares used in per common share calculations: |
|
|
22,774,263 |
|
|
|
- |
|
|
|
22,774,263 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(0.11 |
) |
|
$ |
- |
|
|
$ |
(0.11 |
) |
| Deemed dividend and accretion of a discount |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net loss attributable to common stockholders |
|
$ |
(0.11 |
) |
|
$ |
- |
|
|
$ |
(0.11 |
) |
Below
are basic and diluted loss per share data for the nine months ended September 30, 2020, which are in thousands except for share and per
share data:
| |
|
Basic Calculation |
|
|
Effect of Dilutive
Warrant
Securities
|
|
|
Diluted Calculation |
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(5,297 |
) |
|
$ |
(2,073 |
) |
|
$ |
(7,370 |
) |
| Deemed dividend and accretion of a discount |
|
|
(9,565 |
) |
|
|
- |
|
|
|
(9,565 |
) |
| Net loss attributable to common stockholders |
|
$ |
(14,862 |
) |
|
$ |
(2,073 |
) |
|
$ |
(16,935 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares used in per common share calculations: |
|
|
13,671,866 |
|
|
|
1,422,410 |
|
|
|
15,094,276 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(0.39 |
) |
|
$ |
(0.10 |
) |
|
$ |
(0.49 |
) |
| Deemed dividend and accretion of a discount |
|
|
(0.70 |
) |
|
|
0.07 |
|
|
|
(0.63 |
) |
| Net loss attributable to common stockholders |
|
$ |
(1.09 |
) |
|
$ |
0.03 |
|
|
$ |
(1.12 |
) |
|