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Earnings (Loss) per Share (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Schedule of earnings per share basic and diluted

The following table provides the computation of net loss per share and weighted average shares of the Company’s common stock outstanding during the periods presented (in thousands, except share and per share amount):

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Net loss

 

$

(22,799

)

 

$

(28,745

)

Basic and diluted weighted average common stock outstanding

 

 

92,308

 

 

 

22,351

 

Basic and diluted net loss per share

 

$

(0.25

)

 

$

(1.29

)

Schedule of antidilutive securities excluded from computation of earnings per share

The following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period (in whole shares):

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Convertible redeemable preferred stock

 

 

 

 

 

40,244,807

 

Stock options and restricted stock units outstanding(1)

 

 

12,957,947

 

 

 

9,004,337

 

Warrants for convertible redeemable preferred stock

 

 

 

 

 

9,163,912

 

Warrants for common stock

 

 

 

 

 

113,483

 

Shares reserved for future award issuance

 

 

 

 

 

1,224,978

 

Private Warrants

 

 

4,616,667

 

 

 

 

Public Warrants

 

 

5,175,000

 

 

 

 

Shares for Mudrick Convertible Notes

 

 

15,218,000

 

 

 

 

Mudrick Note Warrants

 

 

7,000,000

 

 

 

 

Total

 

 

44,967,614

 

 

 

59,751,517

 

 

(1)
Balances are inclusive of the common stock options legally exercised in exchange of the nonrecourse promissory notes.