Loss Per Share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Loss Per Share

Note 11 – Loss per share

Basic loss per common share is calculated by dividing the net loss for the year by the weighted-average number of common shares outstanding during the period. Due to the Company’s net loss for the years ended December 31, 2022 and 2021, all potential common stock equivalents were anti-dilutive.

The following table summarizes basic and diluted loss per share for the years ended December 31, 2022 and 2021 (in thousands, except per share amounts):

	Year Ended December 31, 2022			Year Ended December 31, 2021
Basic and diluted loss per share:
Net loss	$	(43,174	)	$	(60,543	)
Weighted average common shares    outstanding - basic		42,709,706			42,601,745
Dilutive effect of potentially    issuable shares		—			—
Weighted average common shares    outstanding - diluted		42,709,706			42,601,745
Basic loss per share	$	(1.01	)	$	(1.42	)
Dilutive effect of potentially    issuable shares		—			—
Diluted loss per share	$	(1.01	)	$	(1.42	)
Common share equivalents    excluded due to anti-dilutive effect		52,784,891			50,901,006