Net Loss Per Share

6 Months Ended

Jun. 30, 2022

13. Net loss per share

The following table sets forth the calculation of basic and diluted net loss per share during the periods presented:


	Three months ended						Six months ended
	June 30,						June 30,
	2022			2021			2022			2021
Numerator:
Net loss	$	(20,982,758	)	$	(5,883,303	)	$	(39,417,299	)	$	(50,041,822	)
Denominator:
Weighted-average shares, basic		301,488,660			197,911,144			293,481,943			183,485,933
Weighted-average shares, diluted		301,488,660			197,911,144			293,481,943			183,485,933
Net loss per share
Basic	$	(0.07	)	$	(0.03	)	$	(0.13	)	$	(0.27	)
Diluted	$	(0.07	)	$	(0.03	)	$	(0.13	)	$	(0.27	)

The following potentially dilutive shares were not included in the calculation of diluted shares above as the effect would have been anti-dilutive:


	Three months ended				Six months ended
	June 30,				June 30,
	2022		2021 1		2022		2021 1
Options		31,409,460		25,529,765		31,409,460		25,529,765
Warrants		39,920,919		3,270,774		39,920,919		3,270,774
DSUs		3,647,026		3,455,224		3,647,026		3,455,224
RSUs		6,648,184		-		6,648,184		-
		81,625,589		32,255,763		81,625,589		32,255,763

1All references to numbers in comparative figures have been retroactively restated to reflect the number of stock of the legal parent (accounting acquiree) issuable following the reverse acquisition. The numbers of options, warrants, and DSUs issued pre-Torchlight RTO have been multiplied by 1.845 Torchlight conversion ratio.