Net Loss Per Share

6 Months Ended

Jun. 30, 2022

Net Loss Per Share

Net Loss Per Share

9. Net Loss Per Share

Basic and diluted net loss per share for the three and six months ended June 30, 2022 and 2021 was calculated as follows (in thousands except share and per share amounts).

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Net loss	$	(17,024)	$	(9,526)	$	(27,400)	$	(18,660)
Net loss attributable to common stockholders for basic and diluted loss per share	$	(17,024)	$	(9,526)	$	(27,400)	$	(18,660)
Denominator:
Weighted average number of common shares outstanding – basic and diluted		113,248,937		76,389,525		113,248,937		76,384,077
Net loss per share attributable to common stockholders – basic and diluted	$	(0.15)	$	(0.12)	$	(0.24)	$	(0.24)

Included within weighted average common shares outstanding for the three and six months ended June 30, 2022 and for the three and six months ended June 30, 2021 are 24,930,483 and 16,718,418, respectively, common shares issuable upon the exercise of the pre-funded warrants and penny warrants, as the warrants are exercisable at any time for nominal consideration, and as such, the shares are considered outstanding for the purpose of calculating basic and diluted net loss per share attributable to common stockholders.

The Company’s potentially dilutive securities include RSUs, stock options and warrants. These securities were excluded from the computations of diluted net loss per share for the three and six months ended June 30, 2022 and 2021, as the effect would be to reduce the net loss per share. The following table includes the potential shares of common stock, presented based on amounts outstanding at each period end, that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Restricted stock units to purchase common stock	3,510,606	935,606	3,510,606	935,606
Options to purchase common stock	9,046,420	8,386,135	9,046,420	8,386,135
Warrants to purchase common stock	35,455,674	35,974,337	35,455,674	35,974,337
	48,012,700	45,296,078	48,012,700	45,296,078