Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER COMMON SHARE

v3.23.2
NET LOSS PER COMMON SHARE
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2023 and 2022:

  

                                 
    Three Months Ended June 30,     Six Months Ended June 30,  
    2023     2022     2023     2022  
    ($ in thousands, except share and per share amounts)  
Basic and Diluted:                                
Net loss attributable to common shareholders   $ (5,742 )   $ (1,039 )   $ (10,074 )   $ (3,936 )
Weighted-average common shares used to compute basic and diluted loss per share     15,615,760       15,070,147       15,518,965       15,031,363  
Net loss attributable to common shareholders per share - basic and diluted   $ (0.37 )   $ (0.07 )   $ (0.65 )   $ (0.26 )

 

At June 30, 2023, the 605,689 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 June 30, 2022, the 433,251 unvested equity RSUs and 1,353,489 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.