Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share

v3.23.1
Loss Per Share
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Loss Per Share

7. Loss Per Share

 

Basic loss per share is calculated based on the weighted-average number of outstanding common shares during the applicable period. Diluted loss per share is based on the weighted-average number of outstanding common shares plus the weighted-average number of potential outstanding common shares. In periods where they are anti-dilutive, such amounts are excluded from the calculations of dilutive loss earnings per shares. The following table reconciles the loss and average share amounts used to compute both basic and diluted loss per share:

 

(Amounts in Thousands, Except for Per Share Amounts)   2023     2022  
    Three Months Ended  
    (Unaudited)  
    March 31,  
(Amounts in Thousands, Except for Per Share Amounts)   2023     2022  
Loss per common share from continuing operations                
Loss from continuing operations, net of taxes   $ (318 )   $ (1,249 )
Basic and diluted loss per share   $ (.02 )   $ (.09 )
                 
Loss per common share from discontinued operations, net of taxes                
Loss from discontinued operations, net of taxes   $ (93 )   $ (94 )
Basic and diluted loss per share   $ (.01 )   $ (.01 )
                 
Net loss per common share                
Net loss   $ (411 )   $ (1,343 )
Basic and diluted loss per share   $ (.03 )   $ (.10 )
                 
Weighted average shares outstanding:                
Basic weighted average shares outstanding     13,358       13,234  
Add: dilutive effect of stock options            
Add: dilutive effect of warrants            
Diluted weighted average shares outstanding     13,358       13,234  
                 
Potential shares excluded from above weighted average share calculations due to their anti-dilutive effect include:                
Stock options     335       405  
Warrant