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Net Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Net Income (Loss) Per Common Share

The following table summarizes the computation of the basic and diluted net loss per share:

 

 

 

Three Months Ended March 31,

 

 

 

 

2021

 

 

2022

 

 

Numerator:

 

 

 

 

 

 

 

Net loss

 

$

(2,843,996

)

 

$

(2,057,207

)

 

Less: cumulative preferred dividends earned in the period

 

 

(477,358

)

 

 

 

 

Net loss available for distribution to common stock holders

 

$

(3,321,354

)

 

$

(2,057,207

)

 

Denominator:

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

4,839,871

 

 

 

35,778,032

 

 

Net loss per share, basic and diluted

 

$

(0.69

)

 

$

(0.06

)

 

Summary of Outstanding Potentially Dilutive Securities

The following table summarizes the outstanding potentially dilutive securities that have been excluded in the calculation of diluted net loss per share because their inclusion would be anti-dilutive:

 

 

 

At March 31,

 

 

 

2021

 

 

2022

 

Redeemable Preferred Stock

 

 

23,768,416

 

 

 

 

Common stock options

 

 

653,345

 

 

 

1,745,630

 

Potentially diluted securities

 

 

24,421,761

 

 

 

1,745,630