Loss Per Share

9 Months Ended

Sep. 30, 2023

Loss Per Share

Loss Per Share

3. Loss Per Share

Loss per common share is computed based on the weighted-average number of common shares outstanding and, when appropriate, dilutive potential common stock outstanding during the period. Stock options, warrants and the convertible portion of senior convertible notes are considered to be potential common stock. The computation of diluted earnings (loss) per share does not assume exercise or conversion of securities that would have an anti-dilutive effect. 

Basic earnings (loss) per common share is the amount of net earnings (loss) for the period available to each weighted-average share of common stock outstanding during the reporting period. Diluted earnings (loss) per common share is the amount of earnings (loss) for the period available to each weighted-average share of common stock outstanding during the reporting period and to each share of potential common stock outstanding during the period, unless inclusion of potential common stock would have an anti-dilutive effect. 

The following table sets forth the computation of basic and diluted earnings (loss) per common share:

	Three months ended September 30,						Nine months ended September 30,
	2023			2022			2023			2022
Numerator:
Net loss	$	(1,351	)	$	(1,248	)	$	(3,202	)	$	(3,472)
Denominator:
Basic weighted average shares outstanding		23,960,313			23,952,555			23,957,311			23,933,033
Dilutive common stock equivalents using treasury stock method		—			—			—			—
Diluted weighted average shares outstanding		23,960,313			23,952,555			23,957,311			23,933,033
Basic loss per common share	$	(0.06	)	$	(0.05	)	$	(0.13	)	$	(0.15)
Diluted loss per common share	$	(0.06	)	$	(0.05	)	$	(0.13	)	$	(0.15)
Weighted average options, warrants and convertible portion of senior convertible notes outstanding		6,294,994			6,694,433			6,316,137			6,896,803
Anti-dilutive options, warrants and convertible portion of senior convertible notes not included in the computation		6,294,994			6,694,433			6,316,137			6,896,803