Net Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of calculation of basic and biluted 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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:
Net loss for basic and diluted earnings per common share	$	(26,786)	$	(15,929)	$	(90,098)	$	(32,707)
Unpaid cumulative dividends on preferred stock	—		(9,654)		(4,117)		(19,177)
Net loss allocated to common shareholders	$	(26,786)	$	(25,583)	$	(94,215)	$	(51,884)
Denominator:
Weighted-average shares used in calculating net loss per share, basic and diluted	195,537,601		9,222,214		156,472,730		9,222,870
Net loss per common share, basic and diluted(1)	$	(0.14)	$	(2.77)	$	(0.60)	$	(5.63)

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(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.

Schedule of antidilutive securities excluded from computation

As of June 30, 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:


	June 30,
	2023	2022
Redeemable convertible preferred stock (if converted)	—	129,148,393
Options	17,423,238	16,633,612
RSUs	6,901,360	—
RSAs	—	2,535,825
Brookfield SAFE	5,000,000	—
Warrants	16,657,686	985,278
Total	45,982,284	149,303,108