Computation of Net Loss per Share

12 Months Ended

Dec. 31, 2021

NOTE 6 - Computation of Net Loss per Share

Basic loss per share is computed by dividing the net loss, as adjusted, to include the preferred shares 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):

	Year Ended December 31,			Year Ended December 31,
	2021			2020
Net loss attributable to shareholders of the company		167			121
Net loss attributable to shareholders of preferred shares		25			18

Net loss used in the calculation of basic loss per share		142			103

Net loss per share		(0.03	)		(0.02	)

Weighted average number of common stock used in the calculation of net loss per share		5,153,461			5,153,461