XML 34 R28.htm IDEA: XBRL DOCUMENT v3.25.1
Net Loss per Common Share (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Summary of Calculations for Basic Net Income (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 anti-dilutive.

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Net loss from continuing operations

 

$

(4,789

)

 

$

(5,382

)

Net income from discontinued operations, net of tax

 

 

 

 

 

824

 

Net loss

 

 

(4,789

)

 

 

(4,558

)

Less: accretion of Series B convertible preferred stock dividends

 

 

(205

)

 

 

(248

)

Net loss available to common stockholders

 

$

(4,994

)

 

$

(4,806

)

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

 

23,599

 

 

23,368

 

Effect of dilutive potential common shares

 

 

 

 

 

 

Weighted average common shares outstanding - diluted

 

 

23,599

 

 

 

23,368

 

 

 

 

 

 

 

 

Basic and diluted net income (loss) per common share:

 

 

 

 

 

 

Continuing operations

 

$

(0.21

)

 

$

(0.24

)

Discontinued operations, net of tax

 

$

 

 

$

0.04

 

Net loss per common share

 

$

(0.21

)

 

$

(0.21

)

Common Stock Equivalents Excluded From Diluted Net Income (Loss) per Common Share

The following common stock equivalents have been excluded from diluted net income (loss) per share for the three months ended March 31, 2025 and 2024 because their inclusion would have been anti-dilutive (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Shares of common stock subject to outstanding RSUs

 

 

862

 

 

 

751

 

Shares of common stock subject to outstanding PSUs

 

 

333

 

 

 

 

Shares of common stock subject to outstanding stock options

 

 

444

 

 

 

487

 

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

 

 

6,919

 

 

 

6,709

 

Total

 

 

8,558

 

 

 

7,947