Net Income Per Common Share

12 Months Ended

Dec. 31, 2022

Net Income Per Common Share

Net Income Per Common Share

13. Net Income Per Common Share

The following table sets forth the computation of basic and diluted net income per share (in thousands, except share and per share amounts):

Basic EPS

	Year Ended December 31,
	2022		2021
Numerator:
Net income	$	6,129	$	4,343
Denominator:
Weighted-average shares of common stock outstanding, basic		20,130,336		19,400,124
Net income per common share, basic	$	0.30	$	0.22

Diluted EPS

	Year Ended December 31,
	2022		2021
Numerator:
Net income	$	6,129	$	4,343
Less: warrant liability fair value gain recognized		(23)		—
Net income attributable to common stockholders, diluted	$	6,106	$	4,343
Denominator:
Weighted-average shares of common stock outstanding, basic		20,130,336		19,400,124
Dilutive effect of stock options and RSUs		645,589		572,021
Weighted-average shares of common stock outstanding, diluted		20,775,925		19,972,145
Net income per common share, diluted	$	0.29	$	0.22

The following outstanding shares of potentially dilutive securities outstanding have been excluded from the computation of diluted net income per common share for the periods presented as their inclusion would be anti-dilutive:

	Year Ended December 31,
	2022	2021
Options to purchase common stock	841,845	1,221,720
RSUs	4,147	9,815
Common stock warrants	18,461	27,836
Total	864,453	1,259,371