Net Loss Per Share

3 Months Ended

Mar. 31, 2023

8. 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):


	Three Months Ended
	March 31,
	2023			2022
Numerator:
Net loss	$	(22,563	)	$	(16,156	)
Denominator:
Weighted-average common shares outstanding, basic and diluted		24,225,954			23,974,642
Net loss per share, basic and diluted	$	(0.93	)	$	(0.67	)

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:


	March 31,
	2023		2022
Options to purchase common stock		5,144,308		4,085,851
Common stock issuable upon conversion of Loan Agreement		2,160,918		-
Unvested restricted common stock		-		29,219
Total		7,305,226		4,115,070