Loss Per Share

6 Months Ended

Jun. 30, 2022

The table below summarizes the Company’s basic and diluted loss per share calculations (in thousands, except share and per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Net loss	$	(8,982)	$	(8,427)	$	(31,042)	$	(18,115)

Weighted average shares outstanding
Basic	197,116,341		59,927,523		139,479,103		59,914,487
Diluted	197,116,341		59,927,523		139,479,103		59,914,487

Basic loss per common share	$	(0.05)	$	(0.14)	$	(0.22)	$	(0.30)
Diluted loss per common share	$	(0.05)	$	(0.14)	$	(0.22)	$	(0.30)

Basic and diluted net loss per share is computed by dividing the net loss for the period by the weighted average number of shares of common stock outstanding during the period.

Due to the Company’s net loss during the three and six months ended June 30, 2022 and 2021, respectively, there was no dilutive effect of common stock equivalents because the effects of such would have been anti-dilutive. The following table summarizes the shares excluded from the weighted average number of shares of common stock outstanding, as the impact would be anti-dilutive (in thousands):


	June 30,
	2022	2021
Warrants(1)	94,259	56,495
Restricted stock units	3,224	1,190
Total	97,483	57,685

(1)See Note 23 - Subsequent Events for adjustments to the Seller Warrants for common stock issuable upon exercise.