Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share

v3.21.2
Loss Per Share
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Loss Per Share

Note 12. Loss Per Share

 

Basic loss per share is computed by dividing the net loss after tax attributable to common stockholders by the weighted average shares outstanding during the period. Diluted loss per share is computed by including potentially dilutive securities outstanding during the period in the calculation of weighted average shares outstanding. The Company did not have any dilutive securities during the periods presented; therefore, diluted loss per share is equal to basic loss per share.  

 

Presented in the table below is a reconciliation of the numerator and denominator for the basic and diluted loss per share calculations for the three and nine months ended September 30, 2021 and 2020:

 

                         
   

Three months ended

September 30,

   

Nine months ended

September 30,

 
    2021     2020     2021     2020  
Net Loss   $ (4,461 )   $ (2,990 )   $ (16,013 )   $ (6,296 )
Basic and diluted weighted average shares outstanding     28,985,814       2,500,124       20,465,978       2,476,296  
Net loss per shares attributable to common stockholder, basic and diluted   $ (0.15 )   $ (1.20 )   $ (0.78 )   $ (2.54 )

 

The following securities were not included in the computation of diluted shares outstanding for the three and nine months ended September 30, 2021 and 2020 because the effect would be anti-dilutive:

 

                         
    Three months ended
September 30,
    Nine months ended
September 30,
 
    2021     2020     2021     2020  
Series A Preferred Stock     -       4,611,587       -       4,611,587  
Series B Preferred Stock     -       3,504,027       -       3,504,027  
Series A Warrants     -       48,714       -       48,714  
Series B Warrants     -       9,943       -       9,943  
Common Stock Warrants     2,301,576       -       2,301,576       -  
Common Stock Options     2,161,514       766,124      

2,161,514

      766,124  
2020 Convertible Notes     -       2,018,433       -       2,018,433  
Total     4,463,090       10,958,828       4,463,090       10,958,828