Stockholders' Deficit and Loss Per Share

6 Months Ended

Jun. 30, 2021

Stockholders' Deficit and Loss Per Share [Line Items]

Earnings Per Share [Text Block]

Note 10 – Stockholders’ Deficit and Loss Per Share

The following table presents the calculation of loss per share for the three and six months ended June 30, 2021 and 2020:

	Three months ended June 30				Six months ended June 30
In thousands, except per share data	2021		2020		2021		2020
Numerator:
Net loss, as reported	$	(1,175)	$	(1,353)	$	(1,796)	$	(2,396)
Denominator:
Weighted average shares outstanding		13,643		13,696		13,670		13,696
Basic and diluted loss per share	$	(0.09)	$	(0.10)	$	(0.13)	$	(0.17)

Basic loss per common share is computed by dividing net loss attributable to common shares by the weighted average number of common shares outstanding for the period.  Diluted loss per common share is computed by dividing net loss attributable to common shares, by the weighted average number of common shares outstanding, adjusted for shares that would be assumed outstanding after warrants and stock options vested under the treasury stock method.

As of June 30, 2021, the Company did not have any warrants to purchase shares of Common Stock outstanding which were included in the calculation of basic loss per share because their exercise price was less than the average stock price for the period.  As of June 30, 2020, the Company had warrants to purchase 250,000 shares of Common Stock outstanding which were included in the calculation of basic loss per share because their exercise price was less than the average stock price for the period so their inclusion was dilutive.  As of June 30, 2021 and 2020, the Company had other warrants to purchase 1.6 million and 500,000 shares, respectively, of Common Stock outstanding, which were excluded from the calculation of diluted loss per share because their exercise price was greater than the average stock price for the period and their inclusion would have been anti-dilutive.