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Net Loss Per Share
3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Earnings Per Share [Abstract]    
Net Loss per Share

14. Net Loss per Share

 

Net Loss Per Share Attributable to Common Stockholders

 

Basic net loss per share attributable to common stockholders is calculated by dividing net loss attributable to common stockholders by the weighted-average number of shares issued and shares to be issued under the commitment to issue shares, as these shares are issuable for no consideration.

 

Diluted net loss per share attributable to common stockholders adjusts the basic net loss per share attributable to common stockholders and the weighted-average number of shares issued and shares to be issued under the commitment to issue shares for potentially dilutive instruments.

 

For purposes of presentation of basic and diluted net loss per share, the Company includes shares to be issued in the denominator in accordance with ASC 710-10-54-4 and ASC 260-10-45-48 as if they had been issued on the date of the merger, as such shares are non-contingent and are issuable for no consideration (see Note 3, Business Combination).

 

The net loss per common share was the same for the Class A and Class B Common Stock because they are entitled to the same liquidation and dividend rights and are therefore, combined on the unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss for the three months ended March 31, 2022 and 2021.

 

Because the Company reported net losses for all periods presented, all potentially dilutive Common Stock equivalents were determined to be antidilutive for those periods and have been excluded from the calculation of net loss per share.

 

The following table presents the number of anti-dilutive shares excluded from the calculation of diluted net loss per share as of the following dates:

 

   March 31,
2022
   March 31,
2021
 
Stock-based compensation awards – SI Plan   4,347,492    
 
Stock-based compensation awards – EI Plan   30,644,384    31,762,113 
Stock-based compensation awards – STI Plan   8,789,939    6,854,436 
Public Warrants   22,977,568    
 
Private Warrants   674,551    
 
Other warrants   4,544,258    1,857,175 
Convertible notes payable   9,009,210    4,409,167 
Total   80,987,402    44,882,891 

16. Net Loss per Share

 

Net Loss Per Share Attributable to Common Stockholders

 

Basic net loss per share attributable to common stockholders is calculated by dividing net loss attributable to common stockholders by the weighted-average number of shares issued and shares to be issued under the commitment to issue shares, as these shares are issuable for no consideration.

 

Diluted net loss per share attributable to common stockholders adjusts the basic net loss per share attributable to common stockholders and the weighted-average number of shares issued and shares to be issued under the commitment to issue shares for potentially dilutive instruments.

 

For purposes of presentation of basic and diluted net loss per share, the Company includes shares to be issued in the denominator in accordance with ASC 710-10-54-4 and ASC 260-10-45-48 as if they had been issued on the date of the merger, as such shares are non-contingent and are issuable for no consideration (see Note 3, Business Combination).

 

The net loss per common share was the same for the Class A and Class B Common Stock because they are entitled to the same liquidation and dividend rights and are therefore combined on the Consolidated Statements of Operations and Comprehensive Loss.

 

Because the Company reported net losses for all periods presented, all potentially dilutive Common Stock equivalents were determined to be antidilutive for those periods and have been excluded from the calculation of net loss per share.

 

The following table presents the number of anti-dilutive shares excluded from the calculation of diluted net loss per share as of December 31:

 

   2021   2020 
Stock-based compensation awards – EI Plan   31,962,921    30,402,801 
Stock-based compensation awards – STI Plan   9,526,727    6,490,208 
Public Warrants   22,977,568    
 
Private Warrants   674,551    
 
Other warrants   4,544,258    272,730 
Convertible notes payable   9,009,210    
 
Total   78,695,235    37,165,739