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Net Loss Per Share
12 Months Ended
Dec. 31, 2023
Income Statement [Abstract]  
Net Loss Per Share

13. Net Loss per Share

The Company’s preferred stock was considered participating securities for purposes of calculating earnings per share because it had a right to participate in dividends with common stock. However, because the Company’s preferred stock does not have a contractual obligation to share in the losses of the Company on a basis that is objectively determinable, it was excluded from the calculation of basic net loss per share.

The following common stock equivalents were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an anti-dilutive effect:

 

December 31,

 

 

2023

 

 

2022

 

Employee stock options and RSUs issued and outstanding

 

15,829,198

 

 

 

9,637,022

 

Series A Common Stock Equivalent Convertible Preferred Stock

 

2,500,000

 

 

 

2,500,000

 

Common stock subject to the Company’s repurchase right

 

34,384

 

 

 

526,660

 

Total

 

18,363,582

 

 

 

12,663,682