Net Loss Per Share

12 Months Ended

Dec. 31, 2022

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,
	2022			2021
Numerator:
Net loss	$	(66,221	)	$	(48,625	)
Denominator:
Weighted-average common shares outstanding, basic and diluted		24,048,267			11,662,672
Net loss per share, basic and diluted	$	(2.75	)	$	(4.17	)

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,
	2022		2021
Options to purchase common stock		5,230,537		3,019,476
Common stock issuable upon conversion of Loan Agreement		2,116,780		-
Unvested restricted common stock		-		116,870
Total		7,347,317		3,136,346