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Earnings Per Share
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share
Note 9 — Earnings Per Share
 
Basic earnings per share are based on the weighted average number of common shares outstanding for the period. Diluted earnings per share are based on the weighted average number of common shares and potentially dilutive common shares outstanding. Unvested restricted shares (127,865 in 2024 and 34,990 in 2023) are excluded from weighted average shares outstanding. Potential common shares outstanding principally include stock options, RSUs and warrants, excluding any potentially dilutive shares convertible at a price higher than the closing price of our stock at the end of each reporting period. The following table shows the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2024 and 2023 (in thousands, except per share amounts):


    Three Months Ended     Nine Months Ended  
 
September 30,
    
September 30,
  
   
2024
    
2023
    
2024
    
2023
  
Numerator:
                        
Net (loss)
  
$
(3,839
)
  
$
(4,918
)
  
$
(11,960
)
  
$
(20,764
)
                                 
Denominator:
                                
Weighted-average basic shares outstanding
    
3,603
      
3,612
      
3,600
      
3,586
  
Effect of dilutive securities
    
—
      
—
      
—
      
—
  
Weighted-average diluted shares
    
3,603
      
3,612
      
3,600
      
3,586
  
                                 
Basic (loss) per share
  
$
(1.07
)
  
$
(1.36
)
  
$
(3.32
)
  
$
(5.79
)
Diluted (loss) per share
  
$
(1.07
)
  
$
(1.36
)
  
$
(3.32
)
  
$
(5.79
)

We incurred a net loss for the three and nine months ended September 30, 2024 and 2023; therefore, all potentially dilutive securities representing shares of common stock (287,908 at September 30, 2024 and 348,729 at September 30, 2023) were excluded from the computation of diluted earnings per share, because their effect would have been antidilutive.