XML 75 R58.htm IDEA: XBRL DOCUMENT v3.23.1
Net Loss Per Share (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Earnings Per Share [Abstract]    
Schedule of calculation of basic and diluted net loss per share
The following table presents the calculation of basic and diluted net loss per share for the Company’s common stock (in thousands, except shares and per share amounts):
Three Months Ended March 31,
20232022
Numerator:
Net loss for basic and diluted earnings per common share$(63,312)$(16,778)
Unpaid cumulative dividends on preferred stock(4,117)(9,523)
Net loss allocated to common shareholders$(67,429)$(26,301)
Denominator:
Weighted-average shares used in calculating net loss per share, basic and diluted116,530,963 9,219,499 
Net loss per common share, basic and diluted(1)
$(0.58)$(2.85)
__________________
(1)In periods in which the Company reports a net loss, all potential common shares are excluded from the calculation of diluted weighted average shares outstanding because of their anti-dilutive effect on loss per share.
The following table presents the calculation of basic and diluted net loss per share for the Company’s common stock (in thousands, except shares and per share amounts):
Year Ended December 31,
20222021
Numerator:
Net loss for basic and diluted earnings per common share$(76,356)$(46,689)
Unpaid cumulative dividends on preferred stock(38,672)(36,758)
Net loss allocated to common shareholders$(115,028)$(83,447)
Denominator:
Weighted-average shares used in calculating net loss per share, basic and diluted9,302,080 8,585,999 
Net loss per common share, basic and diluted(1)
$(12.37)$(9.72)
__________________
(1)In periods in which the Company reports a net loss, all stock-based compensation awards are excluded from the calculation of diluted weighted average shares outstanding because of their anti-dilutive effect on earnings (loss) per share.
Schedule of antidilutive securities excluded from computation of earnings per share
As of March 31, 2023 and 2022, potential shares of common stock not included in the computation of loss per share because their effect would be antidilutive include the following:
Three Months Ended March 31,
20232022
Redeemable convertible preferred stock (if converted)— 129,148,393 
Options14,355,066 16,790,437 
RSAs— 2,535,825 
Brookfield SAFE5,000,000 — 
Warrants16,657,686 985,278 
Total
36,012,752 149,459,933 
As of December 31, 2022 and 2021, potential shares of common stock not included in the computation of loss per share because their effect would be antidilutive include the following:
Year Ended December 31,
20222021
Redeemable convertible preferred stock (if converted)129,148,393 129,148,393 
Options14,661,253 16,821,596 
RSAs2,535,825 2,535,825 
Warrants985,278 985,278 
Total147,330,749 149,491,092