Net Loss Per Share

12 Months Ended

Dec. 31, 2022

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

As a result of the Company’s net loss incurred for the year ended December 31, 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 below.


	Year Ended December 31, 2022		Year Ended December 31, 2021
Numerator:
Net loss	$	(54,410)	$	(70,539)
Denominator:
Weighted-average number of common shares – basic and diluted	48,734,377		38,077,660
Loss per common share – basic and diluted	$	(1.12)	$	(1.85)

As of December 31, 2022 and 2021, respectively, the Company’s potentially dilutive instruments included 6,028 thousand and 4,146 thousand of options to purchase shares of Common Stock, as well as 162 thousand and zero 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 December 31, 2022 and 2021 were potentially dilutive warrants for the purchase of 10,564 thousand and 1,714 thousand common shares for the respective periods.