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Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 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 June 30,

 

 

Six Months Ended June 30,

 

 

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(2,750,362

)

 

$

(3,510,561

)

 

$

(5,594,358

)

 

$

(5,567,768

)

 

Less: cumulative preferred dividends earned in the period

 

 

(482,662

)

 

 

 

 

 

(960,020

)

 

$

 

 

Net loss available for distribution to common stock holders

 

$

(3,233,024

)

 

$

(3,510,561

)

 

$

(6,554,378

)

 

$

(5,567,768

)

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

4,921,121

 

 

 

35,814,482

 

 

 

4,880,496

 

 

 

35,796,257

 

 

Net loss per share, basic and diluted

 

$

(0.66

)

 

$

(0.10

)

 

$

(1.34

)

 

$

(0.16

)

 

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 June 30,

 

 

 

2021

 

 

2022

 

Redeemable Preferred Stock

 

 

23,768,416

 

 

 

 

Common stock options

 

 

579,858

 

 

 

1,924,317

 

Potentially diluted securities

 

 

24,348,274

 

 

 

1,924,317