Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Net Loss Per Share

v3.21.1
Note 10 - Net Loss Per Share
3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]
10.
Net Loss Per Share
 
We compute net loss per share by dividing our net loss (the numerator) by the weighted-average number of common shares outstanding (the denominator) during the period. Shares issued during the period and shares reacquired during the period, if any, are weighted for the portion of the period that they were outstanding. The computation of diluted earnings per share, or EPS, is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued. Our diluted EPS is the same as basic EPS due to common equivalent shares being excluded from the calculation, as their effect is anti-dilutive.
 
The following table summarizes our calculation of net loss per common share for the periods (in thousands, except share and per share data):
 
   
Three Months Ended
March 31,
 
   
2021
   
2020
 
Net loss
  $
(3,622
)
  $
(2,425
)
Weighted average shares outstanding—basic and diluted
   
18,766,656
     
13,107,725
 
Basic and diluted net loss per share
  $
(0.19
)
  $
(0.19
)
 
The following outstanding potential common shares were
not
included in the diluted net loss per share calculations as their effects were
not
dilutive:
 
   
Three Months Ended
March 31,
 
   
2021
   
2020
 
Employee and non-employee stock options
   
1,421,094
     
1,181,309
 
Common shares issuable under common share purchase warrants
   
265,000
     
255,000
 
Common shares issuable under deferred unit awards
   
72,142
     
21,183