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Net loss per share
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Net loss per share

15. Net loss per share

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

 

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Net loss

 

 

$

(128,332

)

 

$

(108,543

)

Weighted average common stock outstanding, basic
   and diluted

 

 

 

39,855,403

 

 

 

9,988,191

 

Net loss per share – basic and diluted

 

 

$

(3.22

)

 

$

(10.87

)

 

The Company’s potentially dilutive securities, which include redeemable convertible preferred stock, forward contracts to issue Preferred Stock, options to purchase common stock and unvested restricted stock, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of shares of Common Stock outstanding used to calculate both basic and diluted net loss per share is the same. The Company excluded the following potential shares of Common Stock, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:

 

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Options to purchase common stock

 

 

 

5,692,514

 

 

 

3,344,765

 

Unvested restricted stock

 

 

 

89,054

 

 

 

408,396

 

 

 

 

 

5,781,568

 

 

 

3,753,161