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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Summary of Reconciliation of Earnings (Loss) Per Common Share

The following table reconciles earnings (loss) per common share:

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Basic Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

Loss to common shares — basic

 

$

(32,537

)

 

$

(32,840

)

Beneficial conversion feature

 

 

(11,443

)

 

 

 

Net loss attributable to common shares — basic

 

$

(43,980

)

 

$

(32,840

)

Weighted average common shares outstanding — basic

 

 

12,906

 

 

 

11,762

 

Basic earnings (loss) per common share

 

$

(3.41

)

 

$

(2.79

)

 

 

 

 

 

 

 

 

 

Diluted Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

Net loss attributable to common shares — diluted

 

$

(43,980

)

 

$

(32,840

)

Weighted average common shares outstanding — diluted

 

 

12,906

 

 

 

11,762

 

Diluted earnings (loss) per common share

 

$

(3.41

)

 

$

(2.79

)

 

See Note 11 for details on the beneficial conversion feature. 

 

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table indicates the common stock equivalents related to stock options that were anti-dilutive and excluded from diluted earnings per common share calculations:

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Anti-dilutive shares due to:

 

 

 

 

 

 

 

 

Exercise prices higher than the average market price

 

 

200

 

 

 

100

 

Net loss

 

 

 

 

 

28