Computation of Net Loss per Share

9 Months Ended

Sep. 30, 2020

Computation Of Net Loss Per Share

Computation of Net Loss per Share

NOTE 6 -   Computation of Net Loss per Share

Basic loss per share is computed by dividing the net loss, as adjusted, to include the dividend participation rights of preferred shares outstanding during the relevant fiscal year, by the weighted average number of shares of common stock outstanding during the relevant fiscal year. Diluted loss per share is computed by dividing the net loss, as adjusted, to include the dividend participation rights of preferred shares outstanding during the relevant fiscal year as well as of preferred shares that would have been outstanding if all potentially dilutive preferred shares had been issued, by the weighted average number of shares of common stock outstanding during the relevant fiscal year, plus the number of shares of common stock that would have been outstanding if all potentially dilutive common stock had been issued, using the treasury stock method, in accordance with ASC 260-10 “Earnings per Share”.

The loss and weighted average number of common stock used in the calculation of basic loss per share are as follows (in thousands, except share and per share data):

	Nine Months Ended September 30						Three Months Ended September 30
	2020			2019			2020			2019
	Unaudited						Unaudited
Net loss available to stockholders of the company		(48	)		(114	)		(25	)		(24	)
Net loss attributable to stockholders of preferred shares		(8	)		(17	)		(4	)		(4	)
Net loss used in the calculation of basic loss per share		(56	)		(97	)		(29	)		(20	)
Net loss per share		(0.01	)		(0.02	)		(0.01	)		(0.00	)
Weighted average number of common stock used in the calculation of net loss per share		5,153,461			5,153,461			5,153,461			5,153,461