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, 2023
Earnings Per Share [Abstract]  
NET LOSS PER COMMON SHARE

6. 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, 2023 and 2022:

   

    2023     2022  
    Year ended December 31,  
    2023     2022  
    ($ in thousands, except share and per share amounts)  
Basic and Diluted:                
Net loss attributable to common shareholders   $ (64,348 )   $ (10,085 )
Weighted-average common shares used to compute basic and diluted loss per share     15,669,472       15,109,587  
Net loss attributable to common shareholders per share - basic and diluted   $ (4.11 )   $ (0.67 )

 

At December 31, 2023, the 733,908 unvested restricted stock units (“RSUs”) as discussed in Note 15 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 December 31, 2022, the 598,245 unvested equity RSUs and 1,128,489 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.