Annual report pursuant to Section 13 and 15(d)

Net Loss per Share

v3.22.2.2
Net Loss per Share
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Net Loss per Share
15.
Net Loss per Share

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(38,090

)

 

$

(32,504

)

Denominator:

 

 

 

 

 

 

Weighted-average shares used in computing basic and diluted net loss per share

 

 

62,137,434

 

 

 

17,610,405

 

Basic and diluted net loss per share

 

$

(0.61

)

 

$

(1.85

)

 

The Company has two types of common stock, Class A and Class B. Class B common stock has no economic rights, therefore has been excluded from the computation of basic and diluted net loss per share. The Company’s potential dilutive securities have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same.

 

The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the years ended December 31, 2021 and 2020 because including them would have had an anti-dilutive effect:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Stock options to purchase common stock

 

 

21,263,847

 

 

 

19,676,350

 

Public and private warrants

 

 

18,099,992

 

 

 

 

RSU Shares

 

 

783,902

 

 

 

 

Convertible preferred stock (if-converted)

 

 

 

 

 

42,726,773

 

Warrants for the purchase of Series C convertible preferred stock (if-converted)

 

 

 

 

 

146,919

 

Warrants for the purchase of common stock

 

 

 

 

 

2,328,009

 

Convertible notes (if-converted)

 

 

 

 

 

34,219,450

 

 

 

 

40,147,741

 

 

 

99,097,501