Net Loss Per Share

12 Months Ended

Dec. 31, 2021

Basic net loss per share is calculated by dividing net loss by the weighted-average number of common shares.

As a result of the Company’s net loss incurred for the year ended December 31, 2021 and 2020, all potentially dilutive instruments outstanding would have anti-dilutive effects on per-share calculations for this period. Therefore, basic and diluted net loss per share were the same for all periods presented as reflected below.


	Year Ended December 31, 2021		Year Ended December 31, 2020
Numerator:
Net loss	$	(70,539)	$	(55,783)
Denominator:
Weighted-average number of common shares – basic and diluted	38,077,660		33,651,127
Loss per common share – basic and diluted	$	(1.85)	$	(1.66)

As of December 31, 2021 and 2020, respectively, the Company’s potentially dilutive instruments included 4,146 thousand and 3,259 thousand of options to purchase common shares, as well as no outstanding and 14 thousand unvested RSUs that were excluded from the computation of diluted weighted average shares outstanding because these securities had an antidilutive impact due to the losses reported. Similarly excluded as of December 31, 2021 and 2020 were potentially dilutive warrants for the purchase of 1,714 thousand common shares for both periods.