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Net Loss per Common Share (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss per Common Share

The following table sets forth the computation of basic and diluted net loss per common share:

 

 

 

Year ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Basic and diluted net loss per common share:

 

 

 

 

 

 

 

 

 

Net loss

 

$

(130,402,992

)

 

$

(102,900,600

)

 

$

(68,345,186

)

Weighted average common shares outstanding—basic and diluted

 

 

37,618,599

 

 

 

37,206,928

 

 

 

34,020,257

 

Net loss per common share—basic and diluted

 

$

(3.47

)

 

$

(2.77

)

 

$

(2.01

)

Schedule of Potentially Dilutive Securities

The following potentially dilutive securities outstanding at December 31, 2021, 2020, and 2019 have been excluded from the computation of diluted weighted average shares outstanding, as they would be anti‑dilutive:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Stock options

 

 

5,090,377

 

 

 

3,733,916

 

 

 

3,458,447

 

Restricted stock units

 

 

326,625

 

 

 

136,067

 

 

 

 

Warrants

 

 

15,541

 

 

 

15,541

 

 

 

69,656

 

Total

 

 

5,432,543

 

 

 

3,885,524

 

 

 

3,528,103