Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER COMMON SHARE

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NET LOSS PER COMMON SHARE
 3 Months Ended
Mar. 31, 2024
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, 2024 and 2023:

 

    2024     2023  
    Three Months Ended March 31,  
    2024     2023  
    ($ in thousands, except share and per share amounts)  
Basic and Diluted:                
Net loss attributable to common shareholders   $ (246 )   $ (4,332 )
Weighted-average common shares used to compute basic and diluted loss per share     16,014,309       15,421,096  
Net loss attributable to common shareholders per share - basic and diluted   $ (0.02 )   $ (0.28 )

 

At March 31, 2024, the 192,125 unvested equity restricted stock units (“RSUs”) as discussed in Note 12 have been excluded from the above calculations as they were anti-dilutive. All of the warrants previously outstanding expired unexercised in 2023 and are excluded from the above calculations. At March 31, 2023, the 630,094 unvested equity RSUs 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.