Net Loss Per Share

12 Months Ended

Dec. 31, 2022

Net Loss Per Share

Net Loss Per Share

11. Net Loss Per Share

Basic and diluted net loss per share for the years ended December 31, 2022 and 2021 was calculated as follows:

	Year Ended December 31,
	2022		2021
Numerator:
Net loss	$	(54,596)	$	(40,587)
Net loss attributable to common stockholders for basic and diluted loss per share	$	(54,596)	$	(40,587)
Denominator:
Weighted average number of common shares outstanding - basic and diluted		113,239,092		85,825,283
Net loss per share attributable to common stockholders - basic and diluted	$	(0.48)	$	(0.47)

Included within weighted average common shares outstanding for the years ended December 31, 2022 and 2021, are 14,217,716 and 24,930,483, 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 years ended December 31, 2022 and 2021, as the effect would be to reduce the net loss per share. The following table includes the potential common 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:

	Year Ended December 31,
	2022	2021
Restricted stock units to purchase common stock	3,585,606	935,606
Options to purchase common stock	11,917,331	8,525,618
Warrants to purchase common stock	35,455,674	35,455,674
	50,958,611	44,916,898