Net Loss Per Share

6 Months Ended

Jun. 30, 2022

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 three and six months ended June 30, 2022 and 2021, all potentially dilutive instruments outstanding would have anti-dilutive effects on per-share calculations for the periods. Therefore, basic and diluted net loss per share were the same for all periods presented as reflected below.


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Net loss	$	(16,302)	$	(12,367)	$	(29,522)	$	(27,039)
Denominator:
Weighted-average number of common shares – basic	45,462,516		37,065,300		43,475,198		36,318,437
Loss per common share – basic and diluted	$	(0.36)	$	(0.33)	$	(0.68)	$	(0.74)

As of June 30, 2022 and 2021, respectively, the Company’s potentially dilutive instruments included 5,284,447 and 4,431,267 options to purchase common shares and 169,950 and 7,757 unvested restricted stock units 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 June 30, 2022 and 2021, were potentially dilutive warrants for the purchase of 10,564,429 and 1,571,429 shares of common stock for the respective periods.