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Net Loss Per Share Attributable to Common Stockholders
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share Attributable to Common Stockholders

11. Net loss per share attributable to common stockholders

 

The Company’s potential dilutive securities, which include convertible preferred stock, unvested restricted stock, unvested restricted stock units and common stock options, have been excluded from the computation of diluted net loss per share as the effects would be anti-dilutive. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. The Company excluded the following potential common shares, presented based on amounts outstanding at period end, from the computation of diluted net loss per share attributable to common stockholders for the period indicated because including them would have had an anti-dilutive effect:

 

 

 

As of March 31,

 

 

 

2022

 

 

2021

 

Convertible preferred stock

 

 

 

 

 

27,720,923

 

Unvested restricted stock

 

 

 

 

 

403,224

 

Unvested restricted stock units

 

 

225,700

 

 

 

 

Outstanding options to purchase common stock

 

 

7,536,372

 

 

 

5,188,558

 

Total

 

 

7,762,072

 

 

 

33,312,705

 

 

As part of the license agreement with Harvard and Broad, the Company is required to make success payments. The Company may elect to make these payments by issuing shares of the Company's common stock. As of December 31, 2021, an aggregate of $6.3 million was earned relating to these success payments, which the Company settled in cash.