Annual report pursuant to Section 13 and 15(d)

Net Loss per Share

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Net Loss per Share
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Net Loss per Share

Note 9. Net Loss Per Share

 

Basic net loss per share is computed by dividing net loss for the period by the weighted average shares of common stock outstanding during each period. Diluted net loss per share is computed by dividing net loss for the period by the weighted average shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. The Company uses the treasury stock method to determine whether there is a dilutive effect of outstanding option grants.

 

The following securities were excluded from the computation of diluted net loss per share for the periods presented because including them would have been anti-dilutive:

 

    For the years ended  
    December 31,  
    2022     2021  
Stock options     118,388       118,388  
Warrants     1,567,720       1,043,525  
Restricted stock units     2,409,759       2,160,757  
Total common stock equivalents     4,095,867       3,322,670