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Net Income (Loss) Per Share Attributable to Common Stockholders (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share Attributable to Common Stockholders

The computation of basic and diluted net income (loss) per share attributable to common stockholders is as follows (in thousands, except for per share data):

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net loss

$

(9,077

)

 

$

(14,311

)

 

$

(22,912

)

 

$

(34,706

)

Adjustment to reflect deemed contribution from
   Series A preferred stock extinguishment

 

18,360

 

 

 

 

 

 

18,360

 

 

 

 

Adjustment to allocate undistributed earnings to
   participating security - Series A preferred stock

 

(1,362

)

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common
   stockholders - basic

 

7,921

 

 

 

(14,311

)

 

 

(4,552

)

 

 

(34,706

)

Adjustment to reflect assumed conversion of Series A
   preferred stock

 

(16,998

)

 

 

 

 

 

(18,360

)

 

 

 

Net loss attributable to common stockholders - diluted

$

(9,077

)

 

$

(14,311

)

 

$

(22,912

)

 

$

(34,706

)

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common stock outstanding - basic

 

4,863

 

 

 

3,703

 

 

 

4,396

 

 

 

3,658

 

Effect of potentially dilutive Series A preferred stock

 

836

 

 

 

 

 

 

724

 

 

 

 

Weighted average common and potentially issuable
   common shares outstanding - diluted

 

5,699

 

 

 

3,703

 

 

 

5,120

 

 

 

3,658

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income (loss) per share attributable to common
   stockholders

$

1.63

 

 

$

(3.86

)

 

$

(1.04

)

 

$

(9.49

)

Diluted net loss per share attributable to common
   stockholders

$

(1.59

)

 

$

(3.86

)

 

$

(4.48

)

 

$

(9.49

)

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock Excluded from Calculation of Diluted Net Loss Per Share

Potentially dilutive securities that were not included in the diluted net loss per share calculations because they would be anti-dilutive were as follows (in thousands):

 

 

 

June 30,

 

 

2022

 

 

2021

 

Options to purchase common stock

 

487

 

 

 

443

 

Employee stock plan purchases

 

3

 

 

 

1

 

Restricted stock units subject to future vesting

 

15

 

 

 

93

 

Warrants to purchase common stock

 

1,852

 

 

 

 

Total

 

2,357

 

 

 

537