Net Loss Per Share
|6 Months Ended|
Jul. 03, 2023
|Earnings Per Share [Abstract]|
|Net Loss Per Share||Net Loss Per Share
Net Loss per common share is computed by dividing Net Loss by the weighted average number of common shares outstanding for the period. The Company has considered the effect of (1) warrants outstanding to purchase 15,063,800 shares of common stock and (2) 75,000 shares of common stock and warrants to purchase 75,000 shares of common stock in the unit purchase option, (3) 1,724,639 shares of restricted stock units outstanding in the calculation of income per share, and (4) the impact of any dividends associated with our redeemable preferred stock. As the effect of these on the computation of net loss per common share would have been anti-dilutive, they were excluded from the weighted average number of common shares outstanding.
Basic and diluted net loss per common share is calculated as follows:
For the quarter and and six months ended July 3, 2023 and June 30, 2022, there were no dilutive warrants.
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef