NET LOSS PER SHARE

9 Months Ended

Sep. 30, 2021

Net Loss per Share

Net Loss per Share

8. NET LOSS PER SHARE

Basic loss per share is computed by dividing the net loss by the weighted average shares outstanding. Diluted loss per share is computed by dividing the net loss by the weighted average diluted shares outstanding.

The computation of basic and diluted loss per share (in thousands, except share and per share data) was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Net loss	$	(7,865)	$	(7,840)	$	(22,110)	$	(5,347)
Weighted average common shares outstanding
Basic		23,632,112		23,423,437		23,545,693		23,350,204
Dilutive common stock options, restricted stock unit awards and restricted stock awards		—		—		—		—
Diluted		23,632,112		23,423,437		23,545,693		23,350,204
Basic loss per share of common stock	$	(0.33)	$	(0.33)	$	(0.94)	$	(0.23)
Diluted loss per share of common stock	$	(0.33)	$	(0.33)	$	(0.94)	$	(0.23)

The Company had a net loss for the three and nine months ended September 30, 2021 and 2020. As a result, all stock options, restricted stock unit awards and restricted stock awards were anti-dilutive and excluded from weighted average shares used in determining the diluted loss per share of common stock for those periods.

The following weighted average numbers of stock options, restricted stock unit awards and restricted stock awards have been excluded from the calculation of diluted loss per share of common stock, as their effect would be anti-dilutive for the three and nine months ended September 30, 2021 and 2020:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Stock options		—		—		—	—
Restricted stock units		167,500		242,478		151,413	332,868
Restricted stock awards		—		—		—	—
Total		167,500		242,478		151,413	332,868