Net Loss per Share

12 Months Ended

Dec. 31, 2023

Net Loss per Share

Net Loss per Share

13.         Net Loss per Share

Basic net 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 was as follows (in thousands, except share and per share data):

	Year Ended December 31,
	2023		2022 (as adjusted)
Net income (loss)	$	(12,147)	$	(18,645)
Weighted average common shares outstanding
Basic		26,752,055		24,971,031
Dilutive common stock options, restricted stock unit awards and restricted stock awards		—		—
Diluted		26,752,055		24,971,031
Basic income (loss) per share of common stock	$	(0.45)	$	(0.75)
Diluted income (loss) per share of common stock	$	(0.45)	$	(0.75)

The Company had a net loss in the years ended December 31, 2023 and 2022. 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 the respective periods.

The following weighted average numbers of shares related to the convertible note and restricted stock unit awards, have been excluded from the calculation of diluted loss per share of common stock, as their effect would be anti-dilutive for the years ended December 31, 2023 and 2022:

	Year Ended December 31,
	2023		2022 (as adjusted)
Convertible Note		2,754,617		—
Restricted stock units		—		147,191
Total		2,754,617		147,191