Quarterly report pursuant to Section 13 or 15(d)

Loss per share

v3.23.1
Loss per share
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Loss per share Loss per share
The Company presents loss per share on a basic and diluted basis. Basic loss per share is computed by dividing net loss by the weighted average number of common shares outstanding ("WASO") during the period. For the three months ended March 31, 2023 and 2022, the Company’s basic and diluted net loss per share attributable to common stockholders are the same as the Company generated a net loss and common stock equivalents are excluded from diluted net loss per share as they have an anti-dilutive impact.
For the three months ended March 31, 2023, potentially dilutive securities not included in the calculation of diluted net loss per share, because to do so would be anti-dilutive, are as follows: 9,433,583 of stock equivalent warrants, 2,892,531 of stock equivalent employee stock options and 6,412 of stock equivalent other options. For the three months ended March 31, 2022, potentially dilutive securities not included in the calculation of diluted net loss per share, because to do so would be anti-dilutive, are as follows: 9,433,583 of stock equivalent warrants, 3,200,271 of stock equivalent employee stock options and 6,412 of stock equivalent other options.
The following table sets forth basic and diluted net (loss) earnings per share attributable to common stockholders for the three months ended March 31, 2023 and 2022 (in thousands, except share and per share amounts):
Three months ended March 31,
2023 2022
Numerator:
Net loss $ (3,484) $ (4,040)
Less: Adjustment due to warrant modifications —  — 
Adjusted net loss available to common stockholders $ (3,484) $ (4,040)
Denominator:
Basic WASO 30,475,068  29,289,504 
Dilutive common stock equivalents —  — 
Diluted WASO 30,475,068  29,289,504 
Net loss per share attributable to common stockholders, basic $ (0.11) $ (0.14)
Net loss per share attributable to common stockholders, diluted $ (0.11) $ (0.14)