Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER COMMON SHARE

v3.23.2
NET LOSS PER COMMON SHARE
6 Months Ended
Jun. 30, 2023
NET LOSS PER COMMON SHARE  
NET LOSS PER COMMON SHARE

NOTE 18. NET LOSS PER COMMON SHARE

The Company accounts for and discloses net earnings (loss) per share using the treasury stock method. Net earnings (loss) per share, or basic earnings (loss) per share, is computed by dividing net earnings (loss) by the weighted-average number of shares of common stock outstanding. Net earnings (loss) per share assuming dilutions, or diluted earnings (loss) per share, is computed by reflecting the potential dilution from the exercise of in-the-money stock options, and non-vested restricted stock units.

The Company’s basic and diluted weighted-average number of shares of common stock outstanding for the three and six-month periods ended June 30, 2023 and 2022 were as follows:

Three-Month Periods Ended June 30,

Six-Month Periods Ended June 30,

    

2023

    

2022

    

2023

    

2022

Basic and diluted

18,005,055

17,455,894

17,906,671

17,386,538

Potentially dilutive securities:

Unvested restricted stock units

 

1,618,691

1,319,030

 

1,618,691

1,319,030

Stock options

 

1,010,291

1,626,751

 

1,077,315

1,703,710

Total potentially dilutive securities

2,628,982

2,945,781

 

2,696,006

3,022,740

The Company’s potentially dilutive securities, including unvested restricted stock and options have been excluded from the computation of diluted loss per share for the three and six-month periods ended June 30, 2023, and 2022, as the effect would be to reduce the loss per share. Therefore, the weighted average Common Stock outstanding used to calculate both basic and diluted income loss per share is the same for the three and six-month periods ended June 30, 2023 and 2022.