EARNINGS PER SHARE (''EPS'')

12 Months Ended

Dec. 31, 2021

8. EARNINGS PER SHARE (“EPS”)

The computations of basic EPS are based on the Company’s weighted average shares outstanding. Outstanding Series A Preferred Warrants were not included in the computation of diluted EPS for the years ended December 31, 2021 and 2020 because their impact was either anti-dilutive or such warrants were not exercisable during such periods (Note 10). No shares of Series D Preferred Stock outstanding as of December 31, 2021 and December 31, 2020 had a dilutive effect. Outstanding shares of Series L Preferred Stock were not included in the computation of diluted EPS for the years ended December 31, 2021 and 2020 because such shares were not redeemable during such periods.

EPS for the year-to-date period may differ from the sum of quarterly EPS amounts due to the required method for computing EPS in the respective periods. In addition, EPS is calculated independently for each component and may not be additive due to rounding.

The following table reconciles the numerator and denominator used in computing the Company’s basic and diluted per-share amounts for net (loss) income attributable to common stockholders for the years ended December 31, 2021 and 2020:


	Year Ended December 31,
	2021		2020
	(in thousands, except per share amounts)
Numerator:
Net (loss) income attributable to common stockholders	$	(19,979)	$	(33,467)
Redeemable preferred stock dividends declared on dilutive shares	—		(1)
Diluted net (loss) income attributable to common stockholders	$	(19,979)	$	(33,468)

Denominator:
Basic weighted average shares of Common Stock outstanding	19,187		14,748
Effect of dilutive securities—contingently issuable shares	—		—
Diluted weighted average shares and common stock equivalents outstanding	19,187		14,748

Net (loss) income attributable to common stockholders per share:
Basic	$	(1.04)	$	(2.27)
Diluted	$	(1.04)	$	(2.27)