Note 8. Net Loss per Share

Effective as of the completion of the IPO, all of the Company’s preferred stock was converted to common stock. For purposes of calculating net loss per share for the three-month period ended March 31, 2018, the preferred stock converted to common stock was included in the net loss per common share calculation on a post-conversion basis based on the conversion date.

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except share and per share data):

	Three Months Ended March 31,
	2018			2017
Numerator:
Net loss	$	(12,954	)	$	(7,200	)
Denominator:
Weighted-average common shares outstanding		11,598,421			3,549,791
Less: weighted-average common shares subject to repurchase		(2,110,069	)		(2,097,576	)
Weighted-average common shares used to compute basic and diluted net loss per share		9,488,352			1,452,215
Net loss per share: basic and diluted	$	(1.37	)	$	(4.96	)

The following outstanding potentially dilutive securities were excluded from the computation of diluted net loss per share for the periods presented because including them would have been antidilutive:

	Three Months Ended March 31,
	2018		2017
Convertible preferred stock		—		21,307,645
Common stock options issued and outstanding		1,009,216		527,703
Unvested restricted common stock		810,185		1,504,629
Unvested early exercised common stock options		1,329,165		717,956
Total		3,148,566		24,057,933