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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2021
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,

 

 

 

2021

 

 

2020

 

Basic Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

Net loss — basic

 

$

(34,759

)

 

$

(32,537

)

Beneficial conversion feature

 

 

 

 

 

(11,443

)

Net loss attributable to common shares — basic

 

$

(34,759

)

 

$

(43,980

)

Weighted average common shares outstanding — basic

 

 

16,463

 

 

 

12,906

 

Basic earnings (loss) per common share

 

$

(2.11

)

 

$

(3.41

)

 

 

 

 

 

 

 

 

 

Diluted Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

Net loss attributable to common shares — diluted

 

$

(34,759

)

 

$

(43,980

)

Weighted average common shares outstanding — diluted

 

 

16,463

 

 

 

12,906

 

Diluted earnings (loss) per common share

 

$

(2.11

)

 

$

(3.41

)

 

See Note 12 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, RSUs and PRSUs that were anti-dilutive and excluded from diluted earnings per common share calculations:

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Anti-dilutive shares due to:

 

 

 

 

 

 

 

 

Exercise prices higher than the average market price

 

 

50

 

 

 

200

 

Net loss

 

 

32