Annual report pursuant to Section 13 and 15(d)

NET LOSS PER COMMON SHARE

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NET LOSS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
NET LOSS PER COMMON SHARE

7. NET LOSS PER COMMON SHARE

 

The following table reconciles the weighted-average shares outstanding for basic and diluted net loss per common share for the years ended December 31, 2022 and 2021:

 

    2022     2021  
    Year Ended December 31,  
    2022     2021  
    ($ in thousands, except share and per share amounts)  
Basic and Diluted:                
Net loss attributable to common shareholders   $ (10,085 )   $ (11,216 )
Weighted-average common shares used to compute basic and diluted loss per share     15,109,587       14,541,061  
Net loss attributable to common shareholders per share - basic and diluted   $ (0.67 )   $ (0.77 )

 

At December 31, 2022, the 598,245 unvested restricted stock units (“RSUs”) as discussed in Note 15 and 1,128,489 unexercised warrants expiring between January 2023 and September 2023 with exercise prices between $5.00 and $10.00 have been excluded from the above calculations as they were anti-dilutive. At December 31, 2021, the 331,039 unvested equity RSUs and 3,152,140 unexercised warrants have been excluded from the above calculations as they were anti-dilutive. Vested RSUs, vested restricted shares and exercised warrants have been included in the above calculations.