Basic and Diluted Loss per Share

3 Months Ended

Mar. 31, 2022

Note 3 - Basic and Diluted Loss per Share

Basic earnings per share is based on the weighted average number of outstanding common shares for the period. Diluted earnings per share adjusts the weighted average shares outstanding for the potential dilution that could occur if outstanding vested stock options were exercised. Basic and diluted earnings per share are based on the weighted average number of outstanding shares for the period.

The weighted average number of common shares and common share equivalents used in the determination of basic and diluted loss per share were as follows:

(in thousands, except for share amounts)	Three months ended
	March 31,
	2022			2021
Numerator:
Net loss attributed to common stockholders	$	(3,434	)	$	(2,205	)

Denominator:
Weighted-average shares outstanding for basic earnings per share		20,980,046			20,628,669

Effect of dilutive securities:
RSUs		-			-

Adjusted weighted-average shares outstanding and assumed conversions for diluted earnings per share		20,980,046			20,628,669

Shares related to dilutive securities excluded because inclusion would be anti-dilutive		149,271			43,937