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Net Loss Per Share (Tables)
9 Months Ended
Sep. 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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(4,094,704

)

 

$

(3,914,194

)

 

$

(9,689,062

)

 

$

(9,481,962

)

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

29,572,267

 

 

 

35,835,135

 

 

 

13,111,087

 

 

 

35,809,216

 

 

Net loss per share, basic and diluted

 

$

(0.14

)

 

$

(0.11

)

 

$

(0.74

)

 

$

(0.26

)

 

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 September 30,

 

 

 

2021

 

 

2022

 

Common stock options

 

 

1,710,817

 

 

 

1,907,991

 

Potentially diluted securities

 

 

1,710,817

 

 

 

1,907,991

 

 

At December 31, 2021, and September 30, 2022, the Company has 10,000,000 shares of preferred stock authorized and no shares issued.