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Net Loss Per Share
9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Earnings Per Share [Abstract]    
NET LOSS PER SHARE

16.    NET LOSS PER SHARE

The following table presents the calculation of basic and diluted net loss per share attributable to common stockholders for the three and nine months ended September 30, 2022 and 2021:

     

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

   

2022

 

2021

 

2022

 

2021

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss (in thousands)

 

$

(28,922

)

 

$

(23,781

)

 

$

(84,693

)

 

$

(57,693

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding – basic and dilutive

 

 

197,006,980

 

 

 

67,718,940

 

 

 

143,338,517

 

 

 

67,021,176

 

Basic and diluted net loss per share

 

$

(0.15

)

 

$

(0.35

)

 

$

(0.59

)

 

$

(0.86

)

For the three and nine months ended September 30, 2022 and 2021, the diluted earnings per share is equal to the basic earnings per share as the effect of potentially dilutive securities would have been antidilutive.

The following table summarizes the outstanding shares of potentially dilutive securities that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive for the three and nine months ended September 30, 2022 and 2021:

     

As of September 30,

   

2022

 

2021

Stock options

 

26,949,803

 

29,996,549

Restricted stock units (RSUs)

 

15,102,293

 

Series C warrants

 

 

745,235

Common stock warrants

 

3,665,996

 

1,063,214

Redeemable convertible preferred stock

 

 

106,303,970

Total

 

45,718,092

 

138,108,968

15.    NET LOSS PER SHARE

The following table presents the calculation of basic and diluted net loss per share attributable to common stockholders for the years ended December 31, 2021 and 2020:

     

December 31,

   

2021

 

2020

Numerator:

 

 

 

 

 

 

 

 

Net loss

 

$

(79,540

)

 

$

(74,407

)

Less: deemed dividend related to the exchange of Preferred Stock Series D-3A for Preferred Stock Series D-3

 

 

 

 

 

(3,182

)

Net loss attributable to common stockholders

 

$

(79,540

)

 

$

(77,589

)

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares outstanding – Basic and Dilutive

 

 

12,104,523

 

 

 

11,780,078

 

Basic and Diluted Net Loss Per Share

 

$

(6.57

)

 

$

(6.59

)

For the years ended December 31, 2021 and 2020, the diluted earnings per share is equal to the basic earnings per share as the effect of potentially dilutive securities would have been antidilutive.

The following table summarizes the outstanding shares of potentially dilutive securities that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive for the years ended December 31, 2021 and 2020:

     

December 31,

   

2021

 

2020

Stock options

 

5,475,283

 

5,178,276

Series C Warrants

 

 

134,126

Common stock warrants

 

191,355

 

Preferred Stock

 

19,248,537

 

19,132,387

Total

 

24,915,175

 

24,444,789