Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Share

v3.22.2.2
Net Loss per Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Net Loss per Share

Note 7. 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 three months ended   For the nine months ended
    September 30,   September 30,
    2022   2021   2022   2021
Stock options             118,388             118,388             118,388             118,388
Warrants          1,567,720          1,050,104          1,567,720          1,050,104
Restricted stock units          2,412,759          2,318,339          2,412,759          2,318,339
Total common stock equivalents          4,098,867          3,486,831          4,098,867          3,486,831