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Net Loss Per Common Share (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Loss Per Common Share

The following table presents the calculation of basic and diluted net loss per common share for the three months ended March 31, 2025 and 2024:

 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(65,047

)

 

$

(47,931

)

Denominator:

 

 

 

 

 

 

Common shares (weighted average)

 

 

76,514,422

 

 

 

75,421,518

 

Pre-funded warrants (weighted average)

 

 

2,173,081

 

 

 

2,173,081

 

Weighted average common shares outstanding – basic
   and diluted

 

 

78,687,503

 

 

 

77,594,599

 

Net loss per common share – basic and diluted

 

$

(0.83

)

 

$

(0.62

)

Summary of Antidilutive Securities Outstanding Excluded from the Computation of Diluted Net Loss Per Common Share

The Company reported net losses for the three months ended March 31, 2025 and 2024, respectively, and therefore excluded the following potentially dilutive outstanding securities from the computation of diluted net loss per common share as their inclusion would have had an anti-dilutive effect:

 

 

 

Three Months Ended March 31,

 

 

2025

 

 

2024

 

 

Stock options

 

 

12,096,485

 

 

 

10,678,692

 

 

PSUs

 

 

282,550

 

 

 

192,000

 

 

RSUs

 

 

303,417

 

 

 

 

 

Warrants

 

 

40,000

 

 

 

40,000

 

 

Total

 

 

12,722,452

 

 

 

10,910,692