Net Loss per Share

9 Months Ended

Sep. 30, 2021

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.

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 and nine months ended September 30, 2021 and 2020.

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:


	September 30, 2021	September 30, 2020
Stock-based compensation awards – EI Plan	32,137,760	26,624,013
Stock-based compensation awards – STI Plan	9,529,482	6,180,497
Restricted stock awards	1,364,018	—
Public Warrants	22,977,568	—
Private Warrants	674,551	—
Other warrants	4,544,258	272,729
Convertible notes payable	9,009,210	—
Total	80,236,847	33,077,239