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Earnings per share (Tables)

6 Months Ended

Jun. 30, 2022

The following is a reconciliation of the numerator and denominator used to calculate basic earnings per share and diluted earnings per share for the three and six months ended June 30, 2022 and 2021:


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Calculation of basic and diluted loss per share attributable to the Company’s shareholders
Net loss attributable to the Company’s shareholders	$	(4,775,996	)	$	(2,941,679	)	$	(3,790,132	)	$	(1,531,845	)
Weighted-average common shares outstanding – basic and diluted		42,999,413			25,973,406			43,048,254			25,973,406
Net loss per share, basic and diluted	$	(0.11	)	$	(0.11	)	$	(0.09	)	$	(0.06	)

Summary of Anti-dilutive Shares Excluded from Calculation of Diluted Net Loss per Share

The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Stock options		1,846,889		2,325,760		2,398,870		2,219,915
Common stock warrants		5,958,600		—		5,958,600		—
Earnout Shares (1)		10,491,937		—		10,491,937		—
Contingently issuable Earnout Shares from unexercised Rollover Options		1,508,063		—		1,508,063		—
Total		19,805,489		2,325,760		20,357,470		2,219,915

(1)

As the Earnout shares are subject to certain vesting requirements not satisfied as of the three and six months ended June 30, 2022, the Earnout Shares held in escrow are excluded from calculating both basic and diluted earnings per share.