NET LOSS PER SHARE

12 Months Ended

Dec. 31, 2021

NET LOSS PER SHARE [Abstract]

NET LOSS PER SHARE

13. NET LOSS PER SHARE

Basic net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock of the Company outstanding during the period. Diluted net loss per share is computed by giving effect to all common share equivalents of the Company, including outstanding Convertible Preferred Stock and stock options, to the extent dilutive. Basic and diluted net loss per share was the same for each period presented as the inclusion of all common share equivalents would have been anti-dilutive.

The following table presents the calculation of basic and diluted net loss per share for the Company’s common stock:

	Years ended December 31,
	2021			2020			2019
Numerator
Net loss	$	(94,989	)	$	(36,613	)	$	(35,792	)
Numerator for basic and diluted EPS - loss attributable to common stockholders	$	(94,989	)	$	(36,613	)	$	(35,792	)
Denominator
Common stock		79,578,540			5,355,463			5,146,977
Denominator for basic and diluted EPS - weighted-average common stock		79,578,540			5,355,463			5,146,977
Basic and diluted net loss per share	$	(1.19	)	$	(6.84	)	$	(6.95	)

Since the Company was in a net loss position for all periods presented, the basic net loss per shares calculation excludes preferred stock as it does not participate in net losses of the Company. Additionally, net loss per share attributable to Class A and Class B common stockholders was the same on a basic and diluted basis, as the inclusion of all potential common equivalent shares outstanding would have been anti-dilutive. Anti-dilutive common equivalent shares were as follows:

	Years ended December 31,
	2021		2020		2019
Outstanding options to purchase common stock		7,726,972		7,369,541		7,890,184
Outstanding restricted stock units		4,586,972		-		-
Outstanding warrants		3,968,319		-		-
Outstanding convertible preferred stock (Series A through E)		-		90,789,268		84,201,570
		16,282,263		98,158,809		92,091,754