XML 37 R26.htm IDEA: XBRL DOCUMENT v3.25.2
Net Loss Attributable to Common Stockholders per Share (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Antidilutive Securities Excluded from Computation of Loss per Share
For purposes of the diluted net loss attributable to common stockholders per share calculation, outstanding stock options, unvested RSAs, unvested RSUs, the conversion option derivative under the K2HV Loan Agreement, and warrants to purchase
common stock are considered to be potentially dilutive securities; however, the following amounts were excluded from the weighted-average common stock outstanding in the calculation of diluted net loss attributable to common stockholders per share because their effect would be anti-dilutive:
June 30,
20252024
Outstanding stock options
10,461,702 7,510,033 
Unvested RSUs— 150,000 
Warrants to purchase common stock
— 58,904 
Common stock to be issued under the 2021 ESPP70,602 36,767 
Total
10,532,304 7,755,704 
Schedule of Earnings Per Share, Basic and Diluted Pursuant to such method, we adjusted the numerator for the gain recognized during the period in net loss from the conversion option derivative under the K2HV Loan Agreement and increased the denominator to include the number of additional shares of common stock that would have been outstanding if the conversion option derivative under the K2HV Loan Agreement were converted as of the beginning the period.
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Numerator
Net loss$(17,982)$(17,249)$(36,071)$(33,442)
Less: change in fair value of derivative liability
— (1,609)— (1,609)
Plus: interest expense on converted term loan
— 120 — 120 
Adjusted net loss$(17,982)$(18,738)$(36,071)$(34,931)
Denominator
Weighted-average common stock outstanding, basic44,981,746 43,521,406 44,904,880 42,564,342 
Dilutive effect of common stock issuable from assumed conversion of convertible term loan
—521,778 — 260,889 
Weighted-average common stock outstanding, diluted44,981,746 44,043,184 44,904,880 42,825,231 
Net loss per share
Basic$(0.40)$(0.40)$(0.80)$(0.79)
Diluted$(0.40)$(0.43)$(0.80)$(0.82)