Annual report pursuant to Section 13 and 15(d)

Note 3 - Net Loss Per Share of Common Stock

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Note 3 - Net Loss Per Share of Common Stock
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

3. Net Loss Per Share of Common Stock

 

Basic net loss per share of common stock is computed using the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed, when applicable, using the weighted average number of shares of common stock, adjusted to include conversion of "in-the-money" stock options and warrants for common stock and release of common stock in connection with restricted stock units during the period, net of tax as follows:

 

   

Years ended December 31,

 
   

2023

   

2022

 

Numerator:

               
                 

Net loss

  $ (15,198 )   $ (15,080 )

Adjustment for gain on fair value of warrant liability

           

Adjusted net loss used for dilution calculation

  $ (15,198 )   $ (15,080 )
                 

Denominator

               

Weighted-average number of shares outstanding

    13,867       12,962  

Effect of potential dilutive shares

           

Dilutive weighted-average number of shares outstanding

    13,867       12,962  
                 

Net loss per share, basic and diluted

  $ (1.10 )   $ (1.16 )

 

The following table sets forth potential shares of common stock that are not included in the calculation of diluted net loss per share because to do so would be anti-dilutive as of the end of each period presented:

 

   

Years ended December 31,

 
   

2023

   

2022

 

Options to purchase common stock

    252       270  

Restricted stock units

    1,305       1,383  

Warrants for common stock

    1,240       1,240  

Total common stock equivalents

    2,797       2,893