LOSS PER SHARE

12 Months Ended

Dec. 31, 2023

LOSS PER SHARE

LOSS PER SHARE

NOTE 11—LOSS PER SHARE

Basic loss per share (EPS) is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution of common stock equivalent shares that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.

The dilutive common stock equivalent shares consist of preferred stock, stock options, warrants, restricted stock awards and restricted stock units computed under the treasury stock method, using the average market price during the period.

The following table sets forth the computation of basic loss per share (in thousands, except share and per share data):

	Years Ended December 31,
	2023			2022
Numerator:
Net loss:	$	(3,390	)	$	(14,398	)
Denominator:
Weighted average shares of common stock – basic		9,766,469			8,466,075
Loss per share:
Basic	$	(0.35	)	$	(1.70	)
Diluted	$	(0.35	)	$	(1.70	)

The following table represents the weighted average number of anti-dilutive instruments excluded from the computation of diluted loss per share:

	Years Ended December 31,
	2023		2022
Anti-dilutive instruments excluded from computation of diluted net loss per share:
Preferred Stock		144,444		144,444
Stock Options		301,471		337,471
Warrants		4,628,586		5,103,455
Stock purchase plan		28,065		57,245
Convertible note		956,527		-
Restricted Stock Units and Restricted Stock Awards		2,226,682		887,760