EARNINGS PER SHARE (''EPS'')

12 Months Ended

Dec. 31, 2022

9. EARNINGS PER SHARE (“EPS”)

The computations of basic EPS are based on the Company’s weighted average shares outstanding. In order to calculate the diluted weighted average number of shares of Common Stock outstanding for the year ended December 31, 2022, the basic weighted average number of shares of Common Stock outstanding was increased by 1,000 to reflect the dilutive effect of certain shares of the Company’s Series D Preferred Stock. No shares of Series A Preferred Stock, Series A1 Preferred Stock, or Series L Preferred Stock outstanding as of December 31, 2022 or 2021 were included in the computation of diluted EPS because they had no dilutive effect. Outstanding Series A Preferred Warrants were not included in the computation of diluted EPS for the years ended December 31, 2022 and 2021 because their impact was either anti-dilutive or such warrants were not exercisable during such periods (Note 11).

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 attributable to common stockholders for the years ended December 31, 2022 and 2021:


	Year Ended December 31,
	2022		2021
	(in thousands, except per share amounts)
Numerator:
Net loss attributable to common stockholders	$	(25,785)	$	(19,979)
Redeemable preferred stock dividends declared on dilutive shares	(9)		—
Diluted net (loss) income attributable to common stockholders	$	(25,794)	$	(19,979)

Denominator:
Basic weighted average shares of Common Stock outstanding	23,153		19,187
Effect of dilutive securities—contingently issuable shares	1		—
Diluted weighted average shares and common stock equivalents outstanding	23,154		19,187

Net (loss) income attributable to common stockholders per share:
Basic	$	(1.11)	$	(1.04)
Diluted	$	(1.11)	$	(1.04)