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, 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 common share, or basic earnings (loss) per share, is computed by dividing net earnings (loss) by the weighted-average number of common shares outstanding. Net earnings (loss) per common 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 common shares outstanding for the three-month periods ended March 31, 2023 and 2022 were as follows:

    

Three-Month Period Ended

March 31, 

    

2023

    

2022

Basic and diluted

17,807,194

17,318,344

Potentially dilutive securities:

Unvested restricted stock units

 

1,931,969

1,259,641

Stock options

 

1,130,557

1,764,011

Total potentially dilutive securities

3,062,526

3,023,652

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-month periods ended March 31, 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-month periods ended March 31, 2023 and 2022.