General form of registration statement for all companies including face-amount certificate companies

Basic and Diluted Net Loss per Common Share

v3.22.4
Basic and Diluted Net Loss per Common Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Basic and Diluted Net Loss per Common Share

3. 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 and warrants for the purchase of common stock. For the nine months ended September 30, 2022, there is no difference in the number of shares and net loss used to calculate basic and diluted shares outstanding because their effect would have been anti-dilutive. The Company had potentially dilutive securities, totaling approximately 24,000 and 18,000 as of September 30, 2022, and 2021, respectively.

 

 

Below are basic and diluted loss per share data for the three months ended September 30, 2022, which are in thousands except for share and per share data:

 

    Basic
Calculation
   

Effect of

Dilutive
Warrant
Securities

    Diluted
Calculation
 
Numerator:                        
Net loss   $ (2,724 )   $ (60 )   $ (2,784 )
Deemed dividend and accretion of a discount     -       -       -  
Net loss attributable to common stockholders   $ (2,724 )   $ (60 )   $ (2,784 )
                         
Denominator:                        
Number of shares used in per common share calculations:     247,248       3,622       250,870  
                         
Net loss per common share:                        
Net loss   $ (11 )   $ -     $ (11 )
Deemed dividend and accretion of a discount     -       -       -  
Net loss attributable to common stockholders   $ (11 )   $ -     $ (11 )

 

Below are basic and diluted loss per share data for the nine months ended September 30, 2022, which are in thousands except for share and per share data:

 

    Basic
Calculation
   

Effect of

Dilutive
Warrant
Securities

    Diluted
Calculation
 
Numerator:                        
Net loss   $ (8,081 )   $ (208 )   $ (8,289 )
Deemed dividend and accretion of a discount     -       -       -  
Net loss attributable to common stockholders   $ (8,081 )   $ (208 )   $ (8,289 )
                         
Denominator:                        
Number of shares used in per common share calculations:     247,179       3,661       250,840  
                         
Net loss per common share:                        
Net loss   $ (33 )   $ -     $ (33 )
Deemed dividend and accretion of a discount     -       -       -  
Net loss attributable to common stockholders   $ (33 )   $ -     $ (33 )

 

 

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:

 

    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:     247,032       3,661       250,693  
                         
Net loss per common share:                        
Net loss   $ (9 )   $ (2 )   $ (11 )
Deemed dividend and accretion of a discount     -       -       -  
Net loss attributable to common stockholders   $ (9 )   $ (2 )   $ (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:     246,865       4,106       250,971  
                         
Net loss per common share:                        
Net loss   $ (29 )   $ -     $ (29 )
Deemed dividend and accretion of a discount     -       -       -  
Net loss attributable to common stockholders   $ (29 )   $ -     $ (29 )