Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER COMMON SHARE

v3.23.3
NET LOSS PER COMMON SHARE
 9 Months Ended
Sep. 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 nine months ended September 30, 2023 and 2022:

   

    2023     2022     2023     2022  
    Three Months Ended September 30,     Nine Months Ended September 30,  
    2023     2022     2023     2022  
    ($ in thousands, except share and per share amounts)  
Basic and Diluted:                                
Net loss attributable to common shareholders   $ (6,665 )   $ (2,793 )   $ (16,739 )   $ (6,729 )
Weighted-average common shares used to compute basic and diluted loss per share     15,760,499       15,148,721       15,600,361       15,070,913  
Net loss attributable to common shareholders per share - basic and diluted   $ (0.42 )   $ (0.18 )   $ (1.07 )   $ (0.45 )

 

At September 30, 2023, the 758,160 unvested equity restricted stock units (“RSUs”) as discussed in Note 11 have been excluded from the above calculations as they were anti-dilutive. At September 30, 2022, the 480,526 unvested equity RSUs and 1,253,489 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.