Three months ended

March 31,

2021

2020

Numerator—basic and diluted:

Net loss

$

(732

)

$

(1,589

)

Denominator:

Weighted-average common shares - basic common stock ⁽¹⁾

22,181,394

21,916,365

Weighted-average common shares - diluted common stock

22,181,394

21,916,365

Net loss per share - basic common stock

$

(0.03

)

$

(0.07

)

Net loss per share - diluted common stock ⁽²⁾

$

(0.03

)

$

(0.07

)

Denominator calculation from basic to diluted:

Weighted-average common shares - basic common stock ⁽¹⁾

22,181,394

21,916,365

Stock options and other dilutive awards

341,716

327,891

Weighted-average common shares - diluted common stock

22,523,110

22,244,256

Shares excluded from diluted weighted-average shares:

Stock options

64,498

81,220

Restricted stock units and restricted stock awards

308,787

293,236

Shares excluded from diluted weighted-average shares

373,285

374,456

(1)

Unvested restricted stock units and restricted stock awards are not included as shares outstanding in the calculation of basic earnings per share. Vested restricted stock units and restricted stock awards are included in basic earnings per share if all vesting and performance criteria have been met. Performance-based restricted stock units and restricted stock awards are included in the number of shares used to calculate diluted earnings per share as long as all applicable performance criteria are met, and their effect is dilutive. Restricted stock awards are eligible to receive all dividends declared on the Company’s common shares during the vesting period; however, such dividends are not paid until the restrictions lapse.

(2)

Due to a net loss for the three months ended March 31, 2021 and March 31, 2020, diluted loss per share is the same as basic.