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

Basic and diluted net loss per ordinary share are calculated as follows (in thousands, other than share and per share data):

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss attributable to ordinary shareholders—basic and diluted

 

$

(52,527

)

 

$

(57,457

)

 

$

(71,728

)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average ordinary shares used in net loss per share attributable to ordinary shareholders—basic and diluted

 

 

682,388,906

 

 

 

556,169,255

 

 

 

375,669,759

 

Net loss per share attributable to ordinary shareholders—basic and diluted

 

$

(0.08

)

 

$

(0.10

)

 

$

(0.19

)

Summary of Anti-dilutive Ordinary Share Equivalents As Converted Basis Excluded Calculation of Net Loss Per Share

The following ordinary share equivalents, presented on an as converted basis, were excluded from the calculation of net loss per share for the periods presented, as their effect is anti-dilutive:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Ordinary share warrants- Term Loan issuance

 

 

500,000

 

 

 

500,000

 

 

 

500,000

 

Ordinary share warrants issued to MVIL- related party

 

 

161,823,177

 

 

 

46,153,846

 

 

 

 

Ordinary share warrants- Venture Loan Issuance

 

 

13,636,364

 

 

 

 

 

 

 

2020 Restricted share units (in ordinary shares)

 

 

13,087,848

 

 

 

15,013,296

 

 

 

 

Outstanding share options

 

 

63,578,562

 

 

 

44,959,938

 

 

 

36,126,371

 

Total

 

 

252,625,951

 

 

 

106,627,080

 

 

 

36,626,371