Basis of Presentation and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Schedule of Earnings (Loss) Per Share, Basic and Diluted

Basic earnings (loss) per share is computed by dividing the net income (loss) available to common stockholders by the weighted-average number of shares of Common Stock outstanding during the respective period presented in the Company’s accompanying condensed consolidated financial statements. Fully-diluted earnings (loss) per share is computed similarly to basic income (loss) per share except that the denominator is increased to include the number of Common Stock equivalents (primarily outstanding options and warrants).

(in thousands, except per share data)	For the Three Months Ended June 30,				For the Six Months Ended June 30,
Numerator:	2022		2021		2022		2021
Net Income (loss)	$	(11,737)	$	1,684	$	(23,924)	$	(1,161)
Denominator:
Denominator for basic income (loss)
per share - weighted average shares	5,087,651		4,332,601		5,051,814		4,308,027
Effect of dilutive securities:
Equity incentive plans	—		1,095,230		—		—
Denominator for diluted income (loss) per share	5,087,651		5,427,831		5,051,814		4,308,027
Income (loss) per share - Basic	$	(2.31)	0.39		$	(4.74)	(0.27)
Income (loss) per share - Diluted	$	(2.31)	0.31		$	(4.74)	(0.27)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The Company excluded the following securities from the calculation of basic and diluted net loss per share as the effect would have been antidilutive.

	For the Three Months Ended June 30,		For the Six Months Ended June 30,
	2022	2021	2022	2021
Options to purchase common stock	2,745,815	476,580	2,745,815	3,126,446
Warrants to purchase common stock	278,800	—	278,800	278,800
Unvested restricted stock	272,643	102,741	272,643	102,741
Unvested performance stock	60,551	—	60,551	—
Shares issuable upon conversion of convertible debt	222,332	509,165	222,332	509,165
Total	3,580,141	1,088,486	3,580,141	4,017,152