NET LOSS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Computation of Basic and Diluted Income (Loss) Per share

The following table sets forth the computation of basic and diluted net income (loss) per share:


	For the Three Months Ended March 31,
	2022		2021
Numerator
Net loss	$	(36,211)	$	(14,205)
Less: accretion adjustment	—		401
Less: earnings allocated to participating securities	—		—
Net loss attributable to common shareholders	$	(36,211)	$	(14,606)
Less: undistributed earnings allocated to participating securities	—		—
Denominator
Weighted-average shares–basic and diluted	66,861,005		9,419,197
Net loss per common share–basic and diluted	$	(0.54)	$	(1.55)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities were excluded from the computation of diluted loss per share in the periods presented, as their effect would be anti-dilutive:


	As of March 31,
	2022	2021
Series preferred stock, outstanding	—	41,289,914
Common stock warrants, outstanding	—	35,719
Preferred stock warrants, outstanding	—	1,188,848
Common stock options, outstanding	5,905,784	5,961,746
PIPE Convertible Notes, if-converted (1)	7,291,667	—
Restricted stock units, outstanding	2,470,520	—
Private Warrants, outstanding	12,936,679	—
Public Warrants, outstanding	5,587,500	—

(1) The PIPE Convertible Notes are presented using a conversion rate of $12.00, in line with the if-converted method under ASC 260, Earnings Per Share.