| Basic and Diluted Net Income (Loss) per Common Share |
3.
Basic and Diluted Net Income (Loss) per Common Share
Basic
net income (loss) per share is calculated by dividing the net income (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 six months ended June 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 2.4 million and 1.8 million
as of June 30, 2022, and 2021, respectively.
Below
are basic and diluted loss per share data for the three months ended June 30, 2022, 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
income (loss) |
|
$ |
(2,512 |
) |
|
$ |
(108 |
)
|
|
$ |
(2,620 |
) |
| Deemed
dividend and accretion of a discount |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net
loss attributable to common stockholders |
|
$ |
(2,512 |
) |
|
$ |
(108 |
)
|
|
$ |
(2,620 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Number
of shares used in per common share calculations: |
|
|
24,716,558 |
|
|
|
362,163 |
|
|
|
25,078,721 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net
loss per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net
income (loss) |
|
$ |
(0.10 |
) |
|
$ |
- |
|
|
$ |
(0.10 |
) |
| Deemed
dividend and accretion of a discount |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net
loss attributable to common stockholders |
|
$ |
(0.10 |
) |
|
$ |
- |
|
|
$ |
(0.10 |
) |
Below
are basic and diluted loss per share data for the six months ended June 30, 2022, which are in thousands except for share and per share
data:
| |
|
Basic
Calculation |
|
|
Effect
of Dilutive
Warrant
Securities
|
|
|
Diluted
Calculation |
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net
income (loss) |
|
$ |
(5,357 |
) |
|
$ |
(148 |
)
|
|
$ |
(5,505 |
) |
| Deemed
dividend and accretion of a discount |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net
loss attributable to common stockholders |
|
$ |
(5,357 |
) |
|
$ |
(148 |
)
|
|
$ |
(5,505 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Number
of shares used in per common share calculations: |
|
|
24,714,403 |
|
|
|
366,188 |
|
|
|
25,080,590 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net
loss per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net
income (loss) |
|
$ |
(0.22 |
) |
|
$ |
- |
|
|
$ |
(0.22 |
) |
| Deemed
dividend and accretion of a discount |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net
loss attributable to common stockholders |
|
$ |
(0.22 |
) |
|
$ |
- |
|
|
$ |
(0.22 |
) |
Below
are basic and diluted loss per share data for the three months ended June 30, 2021, which are in thousands except for share and per share
data:
| |
|
Basic
Calculation |
|
|
Effect
of
Dilutive
Warrant
Securities
|
|
|
Diluted
Calculation |
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net
income (loss) |
|
$ |
(2,199 |
) |
|
$ |
- |
|
|
$ |
(2,199 |
) |
| Deemed
dividend and accretion of a discount |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net
loss attributable to common stockholders |
|
$ |
(2,199 |
) |
|
$ |
- |
|
|
$ |
(2,199 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Number
of shares used in per common share calculations: |
|
|
24,687,916 |
|
|
|
- |
|
|
|
24,687,916 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net
loss per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net
income (loss) |
|
$ |
(0.09 |
) |
|
$ |
- |
|
|
$ |
(0.09 |
) |
| Deemed
dividend and accretion of a discount |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net
loss attributable to common stockholders |
|
$ |
(0.09 |
) |
|
$ |
- |
|
|
$ |
(0.09 |
) |
Below
are basic and diluted loss per share data for the six months ended June 30, 2021, which are in thousands except for share and per share
data:
| |
|
Basic
Calculation |
|
|
Effect
of
Dilutive
Warrant
Securities
|
|
|
Diluted
Calculation |
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net
income (loss) |
|
$ |
(4,832 |
) |
|
$ |
- |
|
|
$ |
(4,832 |
) |
| Deemed
dividend and accretion of a discount |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net
loss attributable to common stockholders |
|
$ |
(4,832 |
) |
|
$ |
- |
|
|
$ |
(4,832 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Number
of shares used in per common share calculations: |
|
|
24,678,084 |
|
|
|
- |
|
|
|
24,678,084 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net
loss per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net
income (loss) |
|
$ |
(0.20 |
) |
|
$ |
- |
|
|
$ |
(0.20 |
) |
| Deemed
dividend and accretion of a discount |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net
loss attributable to common stockholders |
|
$ |
(0.20 |
) |
|
$ |
- |
|
|
$ |
(0.20 |
) |
|