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Net Loss Per Share
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Net Loss Per Share

12. Net Loss Per Share

Net Loss Per Share

Basic and diluted net loss per share was calculated as follows (in thousands, except share and per share data):

 

 

 

Year Ended

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(48,625

)

 

$

(26,127

)

Denominator:

 

 

 

 

 

 

Weighted-average common shares outstanding, basic and diluted

 

 

11,662,672

 

 

 

916,014

 

Net loss per share, basic and diluted

 

$

(4.17

)

 

$

(28.52

)

 

The Company has two classes of common stock, each with identical participation rights to earnings and liquidation preferences, and therefore the calculation of net loss per share as described above is identical to the calculation under the two-class method. The Company excluded the following potential common shares from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Series A Preferred Stock (as converted to common stock)

 

 

-

 

 

 

3,209,240

 

Series B Preferred Stock (as converted to common stock)

 

 

-

 

 

 

3,853,864

 

Unvested restricted common stock

 

 

116,870

 

 

 

438,280

 

Options to purchase common stock

 

 

3,019,476

 

 

 

1,445,427

 

Total

 

 

3,136,346

 

 

 

8,946,811