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Net Loss per Share
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Net Loss per Share

13. Net Loss per Share

The following table summarizes the computation of basic and diluted net loss per share attributable to common stockholders of the Company:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

(in thousands, except share and per share data)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss – basic and diluted

 

$

(11,632

)

 

$

(5,302

)

 

$

(20,971

)

 

$

(7,826

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding – basic and diluted

 

 

2,625,648

 

 

 

1,050,190

 

 

 

2,420,797

 

 

 

921,995

 

Net loss per share – basic and diluted

 

$

(4.43

)

 

$

(5.05

)

 

$

(8.66

)

 

$

(8.49

)

 

At June 30, 2020 and 2019, the Company’s potentially dilutive securities were preferred stock, unvested restricted stock and stock options, which have been excluded from the computation of diluted net loss per share attributable to common stockholders for the three and six months ended June 30, 2020 and 2019, as the effect would be to reduce the net loss per share attributable to common stockholders. Based on the amounts outstanding at June 30, 2020 and 2019, the Company excluded the following potential common shares from the computation of diluted net loss per share attributable to common stockholders because including them would have had an anti-dilutive effect:

 

 

 

June 30,

 

 

 

2020

 

 

2019

 

Series A2 Preferred Stock

 

 

20,000,000

 

 

 

20,000,000

 

Series A3 Preferred Stock

 

 

22,453,987

 

 

 

22,453,987

 

Series A4 Preferred Stock

 

 

2,066,666

 

 

 

2,066,666

 

Series B Preferred Stock

 

 

14,877,697

 

 

 

14,877,697

 

Options to purchase common stock

 

 

98,643

 

 

 

 

Unvested restricted stock

 

 

3,758,335

 

 

 

5,353,791