EARNING PER SHARE

12 Months Ended

Dec. 31, 2023

The following table summarizes net (loss) income attributable to common stockholders used in the calculation of basic and diluted (loss) income per common share:


	Year Ended December 31,
	2023		2022
(In thousands except share and per share amounts)
Distributed (loss) income allocated to common stock	$	—	$	—
Net (loss) income attributable to common stock and participating securities used to calculate basic (loss) earnings per share	(110,266)		40,618
Net (loss) income allocated to Series A convertible preferred stock	(4,800)		20,974
Net (loss) income allocated to common stock and participating securities	$	(115,066)	$	61,592

Weighted average common shares outstanding	13,388,644		11,400,945
Dilutive effect of pre-funded warrants	300,357		300,357
Weighted average shares outstanding - basic	13,689,001		11,701,302

Weighted average common shares outstanding	13,388,644		11,400,945
Weighted average prefunded warrants	300,357		300,357
Weighted average warrants (equity)	—		534,137
Weighted average warrants (liabilities)	—		237,518
Weighted average options	—		324,839
Weighted shares outstanding - diluted	13,689,001		12,797,796

Basic (loss) income per common share	$	(8.41)	$	3.47
Diluted (loss) income per common share	$	(8.45)	$	2.42

The following common stock equivalent shares were excluded from the computation of the diluted (loss) income per share, since their inclusion would have been anti-dilutive:


	Year Ended December 31,
	2023	2022

Stock options	139,650	245,032
Restricted stock units	238,275	72,459
Shares issuable under the Employee Stock Purchase Plan	27,266	4,517
Share equivalents excluded from EPS	405,191	322,008