Net Income (Loss) per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Summary of calculation of diluted net income (loss) per share, the numerator is adjusted for any changes

Pursuant to such method, the Company adjusted the numerator for the gains or losses recognized during the period in net income from the Convertible Notes and the denominator is increased to include the number of additional shares of common stock that would have been outstanding if the Convertible Notes were converted as of the beginning the period.

	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands, except per share amounts)	2024			2023			2024			2023
Numerator:
Net income (loss)-basic	$	(16,978	)	$	(5,807	)	$	(15,949	)	$	(12,645	)
Net income (loss)-diluted	$	(16,978	)	$	(5,807	)	$	(31,749	)	$	(12,645	)
Denominator:
Weighted-average common shares outstanding-basic		11,964,224			347,936			6,479,752			346,288
Dilutive securities		—			—			669,450			—
Weighted-average common shares outstanding-diluted		11,964,224			347,936			7,149,202			346,288
Net income (loss) per share-basic	$	(1.42	)	$	(16.69	)	$	(2.46	)	$	(36.52	)
Net income (loss) per share-diluted	$	(1.42	)	$	(16.69	)	$	(4.44	)	$	(36.52	)

Summary of computation of diluted net loss per share attributable to common stockholders

The Company excluded the following from the computation of diluted net loss per share attributable to common stockholders because including them would have had an anti-dilutive effect:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Series A convertible preferred stock		—		2,286,873		—		2,286,873
Series A-1 convertible preferred stock		—		312,094		—		312,094
Series B convertible preferred stock		—		2,625,896		—		2,625,896
Options to purchase common stock		2,152,513		1,080,372		2,152,513		1,080,372
Warrants to purchase common stock		18,144		—		18,144		—