Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Loss Per Share

v3.23.1
Note 12 - Loss Per Share
3 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

12.

Loss per Share

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Basic loss per share of common stock is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted earnings per share of common stock is computed by dividing net loss by the weighted average number of common shares, using the two-class method. As the Company has granted RSUs that both participate in dividend equivalents and do not participate in dividend equivalents, the Company has calculated earnings per share pursuant to the two-class method, which is an earnings allocation formula that determines earnings per share for common stock and participating securities according to dividends declared and participation rights in undistributed losses. Under this method, all earnings (distributed and undistributed) are allocated to common shares and participating securities based on their respective rights to receive dividends. Diluted net loss per share is calculated by dividing net loss attributable to common stockholders by the weighted average number of common stock and dilutive common stock outstanding during the period.  Potential common shares in the diluted net loss per share computation are excluded to the extent that they would be anti-dilutive. Weighted average of potentially dilutive non-participating RSU's were 0 and 5,194 in the three months ended March 31, 2023 and 2022, respectively.

 

   

Three Months Ended

 
   

March 31,

   

March 31,

 
   

2023

   

2022

 

Basic loss per common share

               

Net loss

  $ (13,110 )   $ (3,908 )

Less income allocated to participating securities

    -       -  

Net loss allocated to common shareholders

  $ (13,110 )   $ (3,908 )

Weighted average common shares outstanding

    22,906,845       22,982,538  
    $ (0.58 )   $ (0.18 )
                 

Loss per common share assuming dilution

               

Net loss

  $ (13,110 )   $ (3,908 )

Less income allocated to participating securities

    -       -  

Net loss allocated to common shareholders

  $ (13,110 )   $ (3,908 )

Weighted average common shares outstanding

    22,906,845       22,982,538  

Incremental shares applicable to non-participating RSUs

    -       -  

Weighted average common shares assuming dilution

    22,906,845       22,982,538  
    $ (0.58 )   $ (0.18 )

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