Note 10 - NET LOSS PER SHARE

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Note 10 - NET LOSS PER SHARE

10. NET LOSS PER SHARE

Basic net loss per share is computed by dividing net loss by weighted average number of common shares outstanding for the period (excluding outstanding stock options and shares subject to repurchase). Diluted net loss per share is computed using the weighted-average number of common shares outstanding for the period plus the potential effect of dilutive securities which are convertible into common shares (using the treasury stock method), except in cases in which the effect would be anti-dilutive. The following is a reconciliation of the numerators and denominators used in computing basic and diluted net loss per share (in thousands except per share amount):

	Three Months Ended September 30,				Nine Months Ended December 31,
	2021		2020		2021		2020
Numerator:
Net loss	$	(2,407)	$	(2,734)	$	(14,488)	$	(6,914)
Denominator:
Basic weighted-average shares outstanding		37,221		35,479		37,067		33,696
Effect of dilutive options and restricted stock units		—		—		—		—
Diluted weighted-average shares outstanding		37,221		35,479		37,067		33,696
Net loss per share, basic and diluted	$	(0.06)	$	(0.08)	$	(0.39)	$	(0.21)

For the three and nine months ended September 30, 2021 and 2020, because the Company was in a loss position, basic net loss per share is the same as diluted net loss per share as the inclusion of the potential common shares would have been anti-dilutive.

The following table sets forth potential shares of common stock that were not included in the diluted net loss per share calculation above because to do so would be anti-dilutive for the periods indicated (in thousands):

	Three Months Ended September 30,		Nine Months Ended September 30,
	2021	2020	2021	2020
Outstanding options	128	310	182	362
Non-vested restricted stock units	915	1,084	997	820
Employee Stock Purchase Plan	30	190	14	146
Total	1,073	1,584	1,193	1,328