Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Share

v3.23.2
Net Loss per Share
6 Months Ended
Jun. 30, 2023
Net Loss per Share  
Net Loss per Share

Note 10 – Net Loss per Share

Net loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during the period less unvested restricted stock. Since dividends are declared, paid and set aside among the holders of shares of common stock and Class A common shares pro-rata on an as-if-converted basis, the two-class method of computing net loss per share is not required. Diluted net loss per share does not reflect the effect of shares of common stock to be issued upon the exercise of options and warrants, outstanding Class A preferred shares, and unvested restricted stock and restricted stock units, as their inclusion would be anti-dilutive.

The table below summarizes potentially dilutive securities that were not considered in the computation of diluted net loss per share because they would be anti-dilutive.

For the six months ended June 30, 

    

2023

    

2022

Warrants

 

70,102

70,428

Options

 

76,112

 

76,112

Class A Preferred Shares

 

250,000

 

250,000

Unvested restricted stock awards

 

34,016

 

10,128

Unvested restricted stock units

 

129,476

 

164,887

Total

 

559,706

 

571,555