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Net Loss per Common Share (Tables)
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Summary of Calculations for Basic Net Loss Per Common Share

Basic net loss per common share is computed by dividing net loss available to common stockholders during the period by the weighted average number of common shares outstanding during that period. Diluted net loss per common share is impacted by equity instruments considered to be potential common shares, if dilutive, computed using the treasury stock or the if-converted method of accounting. Dilutive potential common share equivalents are excluded from the computation of net loss per share in loss periods, as their effect would be antidilutive.

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

Basic net loss per common share:

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(4,558

)

 

$

(2,719

)

Less: accretion of Series B convertible preferred stock dividends

 

 

(248

)

 

 

(313

)

Net loss available to common stockholders

 

$

(4,806

)

 

$

(3,032

)

 

 

 

 

 

 

 

Denominator:

 

 

 

Weighted average common shares outstanding - basic and diluted

 

 

23,368

 

 

22,794

 

Net loss per common share - basic and diluted

 

$

(0.21

)

 

$

(0.13

)

Common Stock Equivalents Excluded From Diluted Net Loss Per Share

The following common stock equivalents have been excluded from diluted net loss per share for the three months ended March 31, 2024 and 2023 because their inclusion would have been anti-dilutive (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

Shares of common stock subject to outstanding RSUs

 

 

751

 

 

 

873

 

Shares of common stock subject to outstanding PSUs

 

 

 

 

 

40

 

Shares of common stock subject to outstanding stock options

 

 

487

 

 

 

506

 

Shares of common stock subject to outstanding warrants

 

 

 

 

 

275

 

Shares of common stock issuable upon conversion of Series B
   convertible preferred stock

 

 

6,709

 

 

 

6,409

 

Total

 

 

7,947

 

 

 

8,103