Net Loss Per Share (as restated) (Tables)

12 Months Ended

Dec. 31, 2023

Reconciliation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share of Common Stock, Series A Preferred Stock, and Series B Preferred Stock (in thousands, except share and per share amounts):


	Year Ended December 31, 2023
	Series A Preferred Stock		Series B Preferred Stock		Common Stock
Net loss per share, basic and diluted:
Numerator
Allocation of losses	$	(239,158)	$	(4,749)	$	(94,883)
Denominator
Weighted-average shares outstanding	434,612		8,630		6,201,954
Weighted-average pre-funded warrants outstanding	—		—		695,111
Number of shares used in per share computation	434,612		8,630		6,897,065
Net loss per share, basic and diluted	$	(550.28)	$	(550.29)	$	(13.76)

	Year Ended December 31, 2022
	Series A Preferred Stock		Series B Preferred Stock		Common Stock
Net loss per share, basic and diluted:
Numerator
Allocation of losses	$	—	$	—	$	(83,815)
Denominator
Weighted-average shares outstanding	—		—		2,307,668
Weighted-average pre-funded warrants outstanding	—		—		1,063,563
Number of shares used in per share computation	—		—		3,371,231
Net loss per share, basic and diluted	$	—	$	—	$	(24.86)

	Year Ended December 31, 2021
	Series A Preferred Stock		Series B Preferred Stock		Common Stock
Net loss per share, basic and diluted:
Numerator
Allocation of losses	$	—	$	—	$	(65,801)
Denominator
Weighted-average shares outstanding	—		—		1,956,933
Weighted-average pre-funded warrants outstanding	—		—		672,851
Number of shares used in per share computation	—		—		2,629,784
Net loss per share, basic and diluted	$	—	$	—	$	(25.02)

Weighted-Average Equity Instruments Excluded from Calculation of Diluted Net Loss Per Share

The following weighted-average equity instruments were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:


	Year Ended December 31,
	2023	2022	2021
Options to purchase Common Stock	2,583,226	346,331	264,858
Unvested restricted stock units	4,240	6,983	7,975
Outstanding Parapyre Warrants	5,625	—	—