Loss Per Share

3 Months Ended

Mar. 31, 2023

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 March 31,
		2023		2022
Net loss		$	(13,909)	$	(22,060)

Weighted average shares outstanding
Basic		200,270,659		81,201,453
Diluted		200,270,659		81,201,453

Basic loss per common share		$	(0.07)	$	(0.27)
Diluted loss per common share		$	(0.07)	$	(0.27)

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 months ended March 31, 2023 and 2022, 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):


	Three Months Ended March 31,
	2023	2022
Warrants(1)	90,690	94,259
Restricted stock units	3,393	1,152
Total	94,083	95,411

(1)As of March 31, 2023, Seller Warrants are no longer included in Warrants as they expired on October 22, 2022, pursuant to their terms and as of such time were no longer exercisable or outstanding.