ADJUSTED EBITDA RECONCILIATION (1)
($ in thousands)
| Three Months Ended | Year Ended | ||||||||||
| December 31, | December 31, | ||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||
| Net income (loss) | $ | (223 ) | $ | (928 ) | $ | (1,293 ) | $ | 1,727 | |||
| Interest expense | 38 | 21 | 130 | 129 | |||||||
| Depreciation and amortization | 216 | 254 | 853 | 1,110 | |||||||
| Share-based compensation | 66 | 53 | 266 | 271 | |||||||
| Gain on sale of fixed assets | 0 | 82 | (18) | (3,341) | |||||||
| Adjusted EBITDA | $ | 98 | $ | (517 ) | $ | (62 ) | $ | (105 ) | |||
| Adjusted EBITDA margin % | 1.8 % | -11.8% | -0.3 % | -0.5 % | |||||||
