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Note 12 - Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Computation of Earnings Per Common Share

The following table sets forth the computation of earnings per common share for the three and nine months ended September 30, 2023 and 2022:

(in thousands, except per share data)

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

Numerator:

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net loss

 

$

(5,079

)

 

$

(2,442

)

 

$

(3,753

)

 

$

(8,530

)

Less: Preferred equity return on Fortress preferred equity

 

 

(3,716

)

 

 

 

 

 

(10,712

)

 

 

 

Less: Preferred equity accretion to redemption value

 

 

(583

)

 

 

 

 

 

(1,754

)

 

 

 

Less: Preferred OP units return

 

 

(122

)

 

 

 

 

 

(352

)

 

 

 

Plus: Net loss attributable to noncontrolling interest

 

 

1,633

 

 

 

202

 

 

 

2,779

 

 

 

719

 

Net loss attributable to common stockholders

 

$

(7,867

)

 

$

(2,240

)

 

$

(13,792

)

 

$

(7,811

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average common shares

 

 

35,692

 

 

 

32,080

 

 

 

35,577

 

 

 

32,030

 

Dilutive potential common shares

 

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted-average common shares

 

 

35,692

 

 

 

32,080

 

 

 

35,577

 

 

 

32,030

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per common share- basic and diluted

 

$

(0.22

)

 

$

(0.07

)

 

$

(0.39

)

 

$

(0.24

)