Net Loss Per Share Attributable to Common Stockholders

12 Months Ended

Dec. 31, 2023

Net Loss Per Share Attributable to Common Stockholders

Net Loss Per Share Attributable to Common Stockholders

12. Net Loss Per Share Attributable to Common Stockholders

The following table presents the calculation of basic and diluted net loss per common share for the years ended December 31, 2023 and 2022:

	Year Ended December 31,
(In thousands, except share and per share data)	2023		2022
Net loss attributable to common stockholders	$	(41,300)	$	(47,454)
Shares used to compute net loss per common share, basic and diluted		23,068,423		1,311,519
Net loss per share attributable to common shareholders, basic and diluted	$	(1.79)	$	(36.18)

Basic net loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock, convertible preferred stock, and certain common share equivalents outstanding for the period. Common stock equivalents are only included when their effect is dilutive. The Company's potential securities which include Standstill warrants, PIPE warrants, Royal Global Amendment Exchange warrants and convertible preferred series stock and other common stock equivalents were excluded because their effect is anti-

dilutive. For the prior periods presented, there is no difference in the number of shares used to compute basic and diluted shares outstanding.

The following are the other common stock equivalents of the Company for years ended December 31, 2023 and December 31, 2022:

	December 31,	December 31,
	2023	2022
Options issued and outstanding	26,262	26,533
Inducement options issued and outstanding	1,512	1,546
Restricted stock units issued and outstanding	2,708,136	44,865
Warrants issued and outstanding	11,424,807	7,505
Total	14,160,717	80,449

As of April 1, 2024, there were 202,803,012 shares of common stock issued after the balance sheet date.