| 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 2.4 million and 1.8 million 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:
Schedule of Basic and Diluted Loss Per Share
| |
|
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: |
|
|
24,724,792 |
|
|
|
362,207 |
|
|
|
25,086,999 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 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, 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: |
|
|
24,717,904 |
|
|
|
366,188 |
|
|
|
25,084,092 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(0.33 |
) |
|
$ |
- |
|
|
$ |
(0.33 |
) |
| Deemed dividend and accretion of a discount |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net loss attributable to common stockholders |
|
$ |
(0.33 |
) |
|
$ |
- |
|
|
$ |
(0.33 |
) |
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: |
|
|
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 |
) |
|