Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.22.2.2
Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 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):

 Schedule of Basic and Diluted Net Loss Per Share

   

September 30,

2022

   

September 30,

2021

   

September 30,

2022

   

September 30,

2021

 
    For the three months ended     For the nine months ended  
   

September 30,

2022

   

September 30,

2021

   

September 30,

2022

   

September 30,

2021

 
Net income - basic   $ 968     $ (3,978 )   $ 20,907     $ (4,136 )
Interest on unsecured convertible promissory note     201       -       635       -  
Net income - diluted   $ 1,169     $ (3,978 )   $ 21,542     $ (4,136 )
                                 
Weighted average shares outstanding - basic     15,898       15,439       15,712       15,055  
Diluted shares- Stock Options     2,453       -       1,925       -  
Diluted shares- Stock Warrants     1,097       -       1,067       -  
Unsecured convertible promissory note     800       -       800       -  
Weighted average shares outstanding - diluted     20,248       15,439       19,504       15,055  
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):

Schedule of Anti-dilutive Securities Excluded from the Income Per Share Computation 

    For the three months ended     For the nine months ended  
Anti-dilutive securities  

September 30,

2022

    September 30,
2021
    September 30,
2022
    September 30,
2021
 
Common stock purchase warrants     455       455       455       299  
Stock Options     370       730       610       730  
Unsecured convertible promissory note     -       1,000       -       1,000  
Anti-dilutive securities     825       2,185       1,065       2,029