Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Common Share

v3.21.2
Net Income (Loss) Per Common Share
9 Months Ended
Oct. 30, 2021
Earnings Per Share [Abstract]  
Net Income (Loss) Per Common Share

(9)   Net Income (Loss) Per Common Share

Basic net loss per share is computed by dividing reported loss by the weighted average number of shares of common stock outstanding for the reported period. Diluted net income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock of the Company during reported periods.

A reconciliation of net income (loss) per share calculations and the number of shares used in the calculation of basic net income (loss) per share and diluted net income (loss) per share is as follows:

Three-Month Periods Ended

Nine-Month Periods Ended

    

October 30,

October 31,

    

October 30,

October 31,

    

2021

    

2020

2021

    

2020

Numerator:

 

  

 

  

 

  

 

  

 

Net loss

$

(9,492,000)

$

(4,748,000)

$

(16,970,000)

$

(10,522,000)

Earnings allocated to participating share awards

 

 

 

 

Net loss attributable to common shares — Basic and diluted

$

(9,492,000)

$

(4,748,000)

$

(16,970,000)

$

(10,522,000)

Denominator:

 

  

 

  

 

  

 

  

Weighted average number of common shares outstanding — Basic (a)

 

21,503,340

 

12,177,990

 

18,710,658

 

10,000,383

Dilutive effect of stock options, non-vested shares and warrants (b)

 

 

 

 

Weighted average number of common shares outstanding — Diluted

 

21,503,340

 

12,177,990

 

18,710,658

 

10,000,383

Net loss per common share

$

(0.44)

$

(0.39)

$

(0.91)

$

(1.05)

Net loss per common share — assuming dilution

$

(0.44)

$

(0.39)

$

(0.91)

$

(1.05)

(a) For the three and nine-month periods ended October 30, 2021, the basic earnings per share computation included 21,000 outstanding fully-paid warrants to purchase shares of the Company’s common stock at a price of $0.001 per share.
(b) For the three and nine-month periods ended October 30, 2021 and October 31, 2020 there were 658,000 and 796,000 and 992,000 and 476,000 incremental in-the-money potentially dilutive common shares outstanding. The incremental in-the-money potentially dilutive common stock shares are excluded from the computation of diluted earnings per share, as the effect of their inclusion would be anti-dilutive.