Net Loss per Share

12 Months Ended

Dec. 31, 2023

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 Common Stock 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 potentially dilutive shares that were excluded from the computation of diluted net loss per share of Common Stock attributable to Common Stock stockholders because their effect was anti-dilutive as of December 31:


	2023	2022
Shares issuable upon conversion of SPA Notes and settlement of make-whole provisions	42,768,078	725,514
Shares issuable upon exercise of SPA Warrants	556,205	1,443,555
Other warrants	9,139,280	442,747
Stock-based compensation awards – Options	31,897	148,698
Stock-based compensation awards – RSUs	115,361	74,457
Public warrants	98,088	98,088
Private warrants	464	464
Total	52,709,373	2,933,523