Loss per Share

6 Months Ended

Jun. 30, 2022

Loss per Share

Loss per Share

3.    Loss per Share

Earnings per common share is presented under two formats: basic earnings per common share and diluted earnings per common share. Basic earnings per common share is computed by dividing net income attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding during the period, plus

the potentially dilutive impact of common stock equivalents (i.e. stock options and warrants). Dilutive common share equivalents consist of the incremental common shares issuable upon exercise of stock options and warrants. The following table sets forth the computation of basic and diluted net loss per share:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Net loss	$	(5,072)	$	(4,001)	$	(8,768)	$	(8,734)
Denominator:
Weighted-average common shares, basic		26,052		26,003		26,067		26,003
Dilutive effect of stock options		—		—		—		—
Dilutive effect of warrants		—		—		—		—
Incremental dilutive shares		—		—		—		—
Weighted-average common shares, diluted		26,052		26,003		26,067		26,003
Net loss per share, basic and diluted	$	(0.19)	$	(0.15)	$	(0.34)	$	(0.34)

The following outstanding options and warrants were excluded from the computation of basic and diluted net loss per share for the periods presented because including them would have had an anti-dilutive effect:

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Options to purchase common shares	4,337	3,653	4,337	3,653
Warrants to purchase common shares	39	39	39	39