LOSS PER SHARE

3 Months Ended

Mar. 31, 2022

The Company computes loss per share of common shares and PVS under the two-class method required for multiple classes of common shares and participating securities. The rights, including the liquidation and dividend rights, of the two classes of shares are similar except for the 400:1 conversion ratio between the common shares and PVS shares. Accordingly, the loss per share attributable to common shareholders will be the same for common shares and PVS, on either an individual or combined basis. Basic net loss per common share and PVS is computed by dividing the allocated net loss and comprehensive loss by the weighted-average number of common shares outstanding and weighted average number of PVS outstanding during the period. Diluted loss per common share is computed by dividing the allocated net loss and comprehensive loss by the weighted-average number of common shares together with the number of additional common shares that would have been outstanding if all potentially dilutive common shares had been issued, unless anti-dilutive. Diluted loss per PVS is computed by dividing the allocated net loss and comprehensive loss by the weighted-average number of PVS outstanding during the period.

The following table sets forth the computation of basic and dilutive net loss per share attributable to common shareholders:


	Three Months Ended March 31,
	2022		2021

Net loss and comprehensive loss	$	(8,626)	$	(12,774)
Weighted-average number of common shares - basic	144,990,224		108,225,874
Dilutive effect of stock options and awards	—		—
Weighted-average number of proportionate voting shares - basic	—		78,679
Weighted-average number of common shares - diluted	144,990,224		108,225,874
Weighted-average number of proportionate voting shares - diluted	—		78,679
Loss per common share – basic and diluted	$	(0.06)	$	(0.09)
Loss per proportionate voting share – basic and diluted	$	—	$	(36.58)

As of March 31, 2022 and March 31, 2021, potentially dilutive securities include stock options, restricted share units, broker warrants, and common share warrants. When the Company recognizes a net loss and comprehensive loss from continuing operations, all potentially dilutive shares are anti-dilutive and are consequently excluded from the calculation of diluted net loss per share. The potentially dilutive awards outstanding for each year are presented in the table below:


	March 31,
	2022	2021
Outstanding options	4,867,464	4,047,398

Outstanding restricted share units	2,569,689	950,639
Outstanding common share warrants	6,983,140	9,483,140
Total	14,420,293	14,481,177