| Basic and Diluted Net Income (Loss) per Common Share |
2.
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. The Company had potentially dilutive
securities, totaling approximately 1.3 million and 2.4 million as of September 30, 2023, and 2022, respectively.
Below
are basic and diluted loss per share data for the three months ended September 30, 2023, which are in thousands except for share and
per share data:
Schedule of Basic and Diluted Loss Per Share
| |
|
|
|
|
Effect
of |
|
|
|
|
| |
|
|
|
|
Dilutive |
|
|
|
|
| |
|
Basic |
|
|
Warrant |
|
|
Diluted |
|
| |
|
Calculation |
|
|
Securities |
|
|
Calculation |
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net
loss |
|
$ |
(3,190 |
) |
|
$ |
(356 |
) |
|
$ |
(3,546 |
) |
| Deemed
dividend and accretion of a discount |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net
loss attributable to common stockholders |
|
$ |
(3,190 |
) |
|
$ |
(356 |
) |
|
$ |
(3,546 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares used in
per common share calculations: |
|
|
4,208,069 |
|
|
|
191,200 |
|
|
|
4,399,269 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(0.76 |
) |
|
$ |
(1.86 |
) |
|
$ |
(0.81 |
) |
| Deemed
dividend and accretion of a discount |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net
loss attributable to common stockholders |
|
$ |
(0.76 |
) |
|
$ |
(1.86 |
) |
|
$ |
(0.81 |
) |
Below
are basic and diluted loss per share data for the nine months ended September 30, 2023, which are in thousands except for share and per
share data:
| |
|
|
|
|
Effect
of |
|
|
|
|
| |
|
|
|
|
Dilutive |
|
|
|
|
| |
|
Basic |
|
|
Warrant |
|
|
Diluted |
|
| |
|
Calculation |
|
|
Securities |
|
|
Calculation |
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net
loss |
|
$ |
(5,938 |
) |
|
$ |
(4,751 |
) |
|
$ |
(10,689 |
) |
| Deemed
dividend and accretion of a discount |
|
|
(26 |
) |
|
|
- |
|
|
|
(26 |
) |
| Net
loss attributable to common stockholders |
|
$ |
(5,964 |
) |
|
$ |
(4,751 |
) |
|
$ |
(10,715 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares used in
per common share calculations: |
|
|
3,524,174 |
|
|
|
4,127 |
|
|
|
3,528,301 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(1.68 |
) |
|
$ |
(1,151.20 |
) |
|
$ |
(3.03 |
) |
| Deemed
dividend and accretion of a discount |
|
|
(0.01 |
) |
|
|
- |
|
|
|
(0.01 |
) |
| Net
loss attributable to common stockholders |
|
$ |
(1.69 |
) |
|
$ |
(1,151.20 |
) |
|
$ |
(3.04 |
) |
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 |
|
$ |
(11.02 |
) |
|
$ |
(16.57 |
) |
|
$ |
(11.10 |
) |
| Deemed
dividend and accretion of a discount |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net
loss attributable to common stockholders |
|
$ |
(11.02 |
) |
|
$ |
(16.57 |
) |
|
$ |
(11.10 |
) |
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 |
|
|
|
3,662 |
|
|
|
250,841 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(32.69 |
) |
|
$ |
(58.80 |
) |
|
$ |
(33.04 |
) |
| Deemed
dividend and accretion of a discount |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Net
loss attributable to common stockholders |
|
$ |
(32.69 |
) |
|
$ |
(56.80 |
) |
|
$ |
(33.04 |
) |
|