Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER COMMON SHARE

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NET LOSS PER COMMON SHARE
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
NET LOSS PER COMMON SHARE

5. 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, 2022 and 2021:

 

                         
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2022     2021     2022     2021  
    ($ in thousands, except share and per share amounts)  
Basic and Diluted:                                
Net loss attributable to common shareholders   $ (1,039 )   $ (3,865 )   $ (3,936 )   $ (8,958 )
Weighted-average common shares used to compute basic and diluted loss per share     15,070,147       14,430,882       15,031,363       14,258,772  
Net loss attributable to common shareholders per share - basic and diluted   $ (0.07 )   $ (0.27 )   $ (0.26 )   $ (0.63 )

 

At June 30, 2022, the 433,251 unvested equity restricted stock units (“RSUs”) as discussed in Note 12 and 1,353,489 unexercised warrants expiring between September 2022 and September 2023 with exercise prices between $3.92 to $10.00 have been excluded from the above calculations as they were anti-dilutive. At June 30, 2021, the 476,607 unvested equity RSUs and 3,152,140 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.