Annual report pursuant to Section 13 and 15(d)

Loss Per Share

v3.23.1
Loss Per Share
12 Months Ended
Dec. 31, 2022
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 years ended December 31, 2022 and 2021:

 

    2022     2021  
    December 31,  
    2022     2021  
Net loss from continuing operations   $ (15,807 )   $ (18,575 )
Net loss from discontinuing operations     (6,883 )     (22,284 )
Net loss   $ (22,690 )   $ (40,859 )
Basic and diluted weighted average shares outstanding     5,868,402       4,522,889  
Basic and diluted net loss per share:                
Continuing operations   $ (2.69 )   $ (4.11 )
Discontinuing operations     (1.18 )     (4.92 )
Net loss   $ (3.87 )   $ (9.03 )

 

The following securities were not included in the computation of diluted shares outstanding for the years ended December 31, 2022 and 2021 because the effect would be anti-dilutive:

 

             
    December 31,  
    2022     2021  
Common Stock warrants     455,139       459,382  
Common Stock options     428,301       464,019  
Restricted stock     77,104       -  
Total     960,544       923,401