Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.23.1
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Loss Per Share
The following is a reconciliation of the weighted average number of common shares outstanding used in calculating basic and diluted net loss per share (in thousands):
For the years ended
December 31, 2022 December 31, 2021
Net income - basic $ 18,464  $ 6,273 
Interest on unsecured convertible promissory note 632  1,000 
Net income - diluted $ 19,096  $ 7,273 
Weighted average shares outstanding - basic 15,845 15,172
Diluted shares- Stock Options 1,493 2,001
Diluted shares- Stock Warrants 1,073 220
Unsecured convertible promissory note 240 1,000
Weighted average shares outstanding - diluted $ 18,651  $ 18,393 
Schedule of Anti-dilutive Securities Excluded from the Income Per Share Computation
The following table represents the number of securities excluded from the income per share computation as a result of their anti-dilutive effect (in thousands):
For the years ended
Anti-dilutive securities December 31, 2022 December 31, 2021
Common stock purchase warrants 455  455 
Stock Options 770  828 
Unsecured convertible promissory note —  — 
Anti-dilutive securities 1,225  1,283