| Summary of reconciliation of the computation for basic and diluted earnings per share |
The following table provides a reconciliation of the computation for basic and diluted earnings per share for the three and nine months ended September 30, 2024 and 2023, respectively (in thousands, except share and per share data):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2024 |
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2023 |
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2024 |
|
2023 |
Net income (loss) |
|
$ |
509 |
|
$ |
(148) |
|
$ |
3,149 |
|
$ |
(2,831) |
Change in fair value of warrant liability |
|
|
- |
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|
- |
|
|
- |
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(1,004) |
Net income (loss) for EPS - Diluted |
|
$ |
509 |
|
$ |
(148) |
|
$ |
3,149 |
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$ |
(3,835) |
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Weighted-average number of shares outstanding - basic |
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53,208,538 |
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51,321,026 |
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53,076,733 |
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51,252,581 |
Additional shares from assumed exercise of warrants |
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- |
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- |
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- |
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177,624 |
Additional shares from assumed stock-settled options |
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- |
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- |
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12,524 |
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|
- |
Additional shares from assumed stock-settled restricted stock units |
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166,000 |
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- |
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180,178 |
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|
- |
Additional shares from assumed issuance under the Employee Stock Purchase Plan |
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10,573 |
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- |
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3,538 |
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- |
Weighted-average number of shares outstanding - diluted |
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53,385,111 |
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51,321,026 |
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53,272,973 |
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51,430,205 |
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Earnings (loss) per share – basic: |
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$ |
0.01 |
|
$ |
(0.00) |
|
$ |
0.06 |
|
$ |
(0.06) |
Earnings (loss) per share – diluted: |
|
$ |
0.01 |
|
$ |
(0.00) |
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$ |
0.06 |
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$ |
(0.07) |
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Anti-dilutive shares/units excluded from earnings per share - diluted: |
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Additional shares from assumed exercise of warrants |
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- |
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126,154 |
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- |
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- |
Additional shares from assumed stock-settled restricted stock units |
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- |
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2,007,217 |
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- |
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|
1,869,782 |
Additional shares from assumed issuance under the Employee Stock Purchase Plan |
|
|
- |
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6,542 |
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|
- |
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|
1,043 |
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