Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share

v3.23.3
Loss Per Share
9 Months Ended
Sep. 30, 2023
Loss Per Share [Abstract]  
LOSS PER SHARE
9. LOSS PER SHARE.

 

The following tables compute basic and diluted loss per share (in thousands, except per share data):

 

    Three Months Ended
September 30,
2023
 
    Loss
Numerator
    Shares
Denominator
    Per-Share
Amount
 
Net loss   $ (3,489 )                
Less: Preferred stock dividends     (319 )                
Basic and Diluted loss per share:                        
Loss available to common stockholders
  $ (3,808 )     73,191     $ (0.05 )

 

    Three Months Ended
September 30,
2022
 
    Loss
Numerator
    Shares
Denominator
    Per-Share
Amount
 
Net loss   $ (28,038 )                
Less: Preferred stock dividends     (319 )                
Basic and Diluted loss per share:                        
Loss available to common stockholders
  $ (28,357 )     73,011     $ (0.39 )

 

    Nine Months Ended
September 30,
2023
 
    Loss
Numerator
    Shares
Denominator
    Per-Share
Amount
 
Net loss   $ (9,060 )                
Less: Preferred stock dividends     (946 )                
Basic and Diluted loss per share:                        
Loss available to common stockholders
  $ (10,006 )     73,464     $ (0.14 )

 

    Nine Months Ended
September 30,
2022
 
    Loss
Numerator
    Shares
Denominator
    Per-Share
Amount
 
Net loss   $ (8,525 )                
Less: Preferred stock dividends     (946 )                
Basic and Diluted loss per share:                        
Loss available to common stockholders
  $ (9,471 )     71,815     $ (0.13 )

 

There were an additional aggregate potentially dilutive weighted-average shares of 981,000 from convertible securities outstanding for the three and nine months ended September 30, 2023. There were an additional aggregate potentially dilutive weighted-average shares of 964,000 from convertible securities outstanding for the three and nine months ended September 30, 2022. These securities were not considered in calculating diluted net loss per share for the three and nine months ended September 30, 2023 and 2022, as their effect would have been anti-dilutive.