Net Loss Per Share

12 Months Ended

Dec. 31, 2024

Net Loss Per Share

Net Loss Per Share

17. Net Loss per Share

The denominators used in the net loss per share computations are as follows:

	Year Ended December 31,
	2024	2023	2022
Basic:
Weighted average common shares outstanding	4,562,738	4,512,422	4,471,130
Diluted:
Weighted average common shares outstanding - Basic	4,562,738	4,512,422	4,471,130
Common stock equivalents*	—	—	—
Denominator for diluted net loss per share	4,562,738	4,512,422	4,471,130

* For the years ended December 31, 2024, 2023 and 2022, no amounts were considered common stock equivalents as their effects would have been anti-dilutive due to net losses for those periods.

Basic and diluted net loss per share is computed as follows:

	Year Ended December 31,
	2024		2023		2022
Net loss - basic and diluted	$	(70,867)	$	(118,513)	$	(85,474)
Weighted-average common shares outstanding:
Basic and diluted		4,562,738		4,512,422		4,471,130
Net loss per share, basic and diluted:	$	(15.53)	$	(26.26)	$	(19.12)

As of December 31, 2024, 340,460 stock options and 79,913 restricted stock units were outstanding, which could potentially dilute basic earnings per share in the future, but were not included in the computation of diluted net loss per share because to do so would have been anti-dilutive as a result of the net loss for the period.

As of December 31, 2023, 658,138 stock options and 47,194 restricted stock units were outstanding, which could potentially dilute basic earnings per share in the future, but were not included in the computation of diluted net loss per share because to do so would have been anti-dilutive as a result of the net loss for the period.

As of December 31, 2022, 640,787 stock options and 31,043 restricted stock units were outstanding, which could potentially dilute basic earnings per share in the future, but were not included in the computation of diluted net loss per share because to do so would have been anti-dilutive as a result of the net loss for the period.