Net Income Per Common Share (Tables)

12 Months Ended

Dec. 31, 2022

Net Income Per Common Share

Computation of basic and diluted net income (loss) per 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

Schedule of potentially dilutive securities excluded from diluted net loss per common share

	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