Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share (Tables)

v3.22.1
Net Loss Per Share (Tables)
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Summary Of Earnings per Shares, basic and diluted
Presented in the table below is a reconciliation of the numerator and denominator for the basic and diluted earnings per share (“EPS”) calculations for the periods ended:
 
(in ‘000)
  
December 31, 2021
 
 
December 31, 2020
 
 
December 31, 2019
 
Numerator:
  
 
 
 
 
 
 
 
 
 
 
 
Net loss attributable to the Company
  
$
 (24,453
 ) $
 
 
 (35,201
 ) $
 
 
 (23,443
) 
Less cumulative earnings to preferred

shareholder
  
 
 (22,822
) 
 
 
 (26,900
) 
 
 
 (21,647
) 
Add premium on preferred conversion to
common shares
  
 
 4,074
 
 
 
—  
 
 
 
—  
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Net income (loss) attributable to common
stockholders
  
 
(43,201
) 
 
 
(62,101
) 
 
 
(45,090
) 
Denominator:
  
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares and
warrants outstanding
 
 
 
 

 
 
 

 
 
 
Basic (in number)
  
 
 41,933,050
 
 
 
 31,650,173
 
 
 
 31,169,435
 
Diluted (in number)
  
 
41,933,050
 
 
 
31,650,173
 
 
 
31,169,435
 
Net loss per unit attributable to common
stockholder
  
 
 
 
 
 
 
 
 
 
 
 
Basic
  
$
(1.03
)
 
$
(1.96
)
 
$
(1.45
) 
Diluted
  
$
(1.03
)
 
$
(1.96
)
 
$
(1.45
) 
Summary Of Diluted Shares Outstanding
The following securities were not included in
the
computation of diluted shares outstanding because the effect would be anti-dilutive:
 
For the years ended
(number of shares)
  
December 31,
2021
 
  
December 31,
2020
 
  
December 31,
2019
 
Series C Convertible Preferred Stock
  
 
 2,566,186
 
  
 
 2,566,186
 
  
 
 2,566,186
 
Stock Options
  
 
 432,500
 
  
 
 432,500
 
  
 
 399,151
 
Common stock issued under the Backstop Agreement
  
 
 9,600,031
 
  
 
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