Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share

Schedule for the calculations of basic and diluted earnings per share

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net loss	$	(6,411,000)	$	(3,628,000)	$	(14,117,000)	$	(10,851,000)
Less: decrease in fair value of investor warrants		(1,167,000)		(222,000)		(5,384,000)		(489,000)
Net loss available to common stockholders	$	(7,578,000)	$	(3,850,000)	$	(19,501,000)	$	(11,340,000)
Basic weighted-average common shares outstanding		15,072,392		13,361,292		15,072,307		13,156,469
Add: dilutive effect of equity instruments		—		76,251		—		81,935
Diluted weighted-average shares outstanding		15,072,392		13,437,543		15,072,307		13,238,404
Earnings per share – basic	$	(0.43)	$	(0.27)	$	(0.94)	$	(0.82)
Earnings per share – diluted	$	(0.50)	$	(0.29)	$	(1.29)	$	(0.86)

Schedule of potentially dilutive securities, excluded

	Three Months Ended September 30,		Nine Months Ended September 30,
	2022	2021	2022	2021
Warrants to purchase shares of common stock	1,065,137	165,324	1,065,137	159,639
Outstanding stock options	364,125	378,466	364,125	378,466
Restricted stock awards	13,400	—	13,400	—
Total potentially dilutive shares of common stock	1,442,662	543,790	1,442,662	538,105