Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER COMMON SHARE

v3.23.1
NET LOSS PER COMMON SHARE
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
NET LOSS PER COMMON SHARE

4. NET LOSS PER COMMON SHARE

 

The following table reconciles the weighted-average shares outstanding for basic and diluted net loss per share for the three months ended March 31, 2023 and 2022:

 

                 
    Three Months Ended March 31,  
    2023     2022  
    ($ in thousands, except share and
per share amounts)		  
Basic and Diluted:                
Net loss attributable to common shareholders   $ (4,332 )   $ (2,897 )
Weighted-average common shares used to compute basic and diluted loss per share     15,421,096       14,992,147  
Net loss attributable to common shareholders per share - basic and diluted   $ (0.28 )   $ (0.19 )

 

At March 31, 2023, the 630,094 unvested equity restricted stock units (“RSUs”) as discussed in Note 11 and 128,489 unexercised warrants expiring between July 2023 and September 2023 with exercise prices between $5.00 to $5.26 have been excluded from the above calculations as they were anti-dilutive. At March 31, 2022, the 465,926 unvested equity RSUs and 2,152,140 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.