Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Net Loss Per Share

Note 11 - Net Loss Per Share
3 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]


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 presented (in thousands, except share and per share data):



Three Months Ended March 31,






Net loss

  $ (5,272


  $ (3,508


Weighted average shares outstanding—basic and diluted

    26,448,941       26,443,067  

Basic and diluted net loss per share

  $ (0.20


  $ (0.13



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,






Employee and non-employee stock options

    2,773,498       2,159,413  

Common shares issuable under common share purchase warrants

    265,000       265,000  

Common shares issuable under deferred stock units

    213,905       134,402  

Common shares issuable upon vesting of restricted stock units