Net Loss per Share

9 Months Ended

Sep. 30, 2020

3. NET LOSS PER SHARE

Net Loss Per Share

Basic net loss per share is calculated by dividing net loss by the weighted-average number of shares of common stock outstanding during the period, without consideration for common stock equivalents. Diluted net loss per share is computed by dividing net loss by the weighted-average number of common stock equivalents outstanding for the period determined using the treasury-stock method. For purposes of this calculation, common stock warrants and stock options are considered to be common stock equivalents and are only included in the calculation of diluted net loss per share when their effect is dilutive. The net loss attributable to common stockholders’ is adjusted for the preferred stock deemed dividend related to the beneficial conversion feature for the periods in which the preferred stock is outstanding.

The following table sets forth the computation of basic and diluted net loss and the weighted average number of shares used in computing basic and diluted net loss per share (in thousands, except per share data):

	Three Months Ended September 30						Nine Months Ended September 30
	2020			2019			2020			2019
Numerator:
Net loss	$	(7,321	)	$	(8,977	)	$	(67,789	)	$	(19,560	)
Net loss allocated to stockholders of the Company	$	(7,243	)	$	(8,640	)	$	(70,585	)	$	(19,823	)
Denominator:
Weighted-average shares of common stock outstanding used in computing net loss per share, basic and diluted		40,466			4,884			34,553			4,812
Net loss per share:
Basic and diluted	$	(0.18	)	$	(1.77	)	$	(2.04	)	$	(4.12	)

Due to the net loss, all the outstanding shares of common stock equivalents were excluded from the calculation of diluted net loss per share attributable to common stockholders because including them would have been antidilutive:

	September 30, 2020		September 30, 2019
Options to purchase common stock		2,894,591		2,516,617
Preferred stock		-		9,216,413
Warrants for common stock		10,665,067		179,932
Total potential dilutive shares		13,559,658		11,912,962