Net Loss Per Share

9 Months Ended

Sep. 30, 2023

Note 3. Net Loss Per Share

Basic net loss per share is calculated by dividing net loss available to common stockholders by the weighted average shares of common stock outstanding for the period. Diluted net loss per share is calculated by dividing net loss by the weighted average shares of common stock outstanding for the period plus amounts representing the dilutive effect of

securities that are convertible into common stock. The Company calculates diluted loss per common share using the treasury stock method.

The following table presents the computation of net loss per share (in thousands except per share data):


	Three months ended September 30,						Nine months ended September 30,
	2023			2022			2023			2022
Numerator:
Net loss	$	(1,881	)	$	(1,299	)	$	(6,944	)	$	(5,439	)
Denominator:
Basic weighted average common shares outstanding		10,430			10,210			10,370			10,179
Plus dilutive effect of potential common shares		—			—			—			—
Diluted weighted average common shares outstanding		10,430			10,210			10,370			10,179
Net loss per share:
Basic	$	(0.18	)	$	(0.13	)	$	(0.67	)	$	(0.53	)
Diluted	$	(0.18	)	$	(0.13	)	$	(0.67	)	$	(0.53	)

Potentially dilutive securities (in common stock equivalent shares) not included in the calculation of diluted net loss per share because to do so would be anti-dilutive are as follows (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Stock options, restricted stock and performance stock		2,211		2,207		2,290		2,033
Common stock equivalent shares		2,211		2,207		2,290		2,033