Loss Per Share

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net loss	$	(15,849)	$	(23,213)	$	(46,891)	$	(41,328)

Weighted average shares outstanding
Basic	199,207,092		60,114,358		159,607,217		59,989,457
Diluted	199,207,092		60,114,358		159,607,217		59,989,457

Basic loss per common share	$	(0.08)	$	(0.39)	$	(0.29)	$	(0.69)
Diluted loss per common share	$	(0.08)	$	(0.39)	$	(0.29)	$	(0.69)

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 nine months ended September 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):


	September 30,
	2022	2021
Warrants(1)	94,296	56,595
Restricted stock units	3,278	1,190
Total	97,574	57,785

(1)See Note 12 - Warrant Liabilities for adjustments to the Seller Warrants for common stock issuable upon exercise.