The
following table sets forth the calculation of basic and diluted net loss per share for the years ended December 31, 2021 and 2020 and
all shares and per share amounts have been adjusted for a one share-for-ten shares reverse stock split which took effect on January 6,
2020:
SCHEDULE OF BASIC AND DILUTED NET LOSS PER SHARE
| |
2021 | | |
2020 | |
| |
(in
thousands except per share data) | |
Net
loss | |
$ | (1,770 | ) | |
$ | (6,439 | ) |
Dividend
on series A preferred stock | |
| - | | |
| (421 | ) |
Gain
on redemption of series A preferred stock | |
| - | | |
| 441 | |
Net
loss applicable to common shareholders | |
$ | (1,770 | ) | |
$ | (6,419 | ) |
| |
| | | |
| | |
Basic
weighted-average common shares outstanding | |
| 4,492 | | |
| 1,628 | |
Dilutive
effect of potentially dilutive securities | |
| - | | |
| - | |
Diluted
weighted-average common shares outstanding | |
| 4,492 | | |
| 1,628 | |
| |
| | | |
| | |
Basic
net loss per share | |
$ | (0.39 | ) | |
$ | (3.94 | ) |
Diluted
net loss per share | |
$ | (0.39 | ) | |
$ | (3.94 | ) |
|