Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Loss per Share

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Note 7 - Loss per Share
9 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]
Note 7 - Net Loss Per Share
 

Basic and diluted net loss per common share was calculated as follows:

 

    Three Months Ended September 30,     Nine Months Ended September 30,  

(in thousands, except for net loss per share)

 

2024

   

2023

   

2024

   

2023

 

Numerator:

                               

Net loss

  $ (1,304 )   $ (1,954 )   $ (4,661 )   $ (6,588 )
                                 

Denominator:

                               

Weighted-average common shares outstanding, basic and diluted**

    3,520       2,824       3,419       2,710  
                                 

Net loss per common share, basic and diluted

  $ (0.37 )   $ (0.69 )   $ (1.36 )   $ (2.43 )
                                 

Anti-dilutive potential common stock equivalents excluded from the calculation of net loss per share

                               

Stock options to purchase common stock**

    429       423       429       423  

Unvested restricted stock units**

    48       106       48       106  

     

** Information pertaining to number of shares outstanding gives retroactive effect to a 1 for 5 reverse stock split that became effective on August 12, 2024.