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Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Share The following table sets forth the computation of basic and diluted net loss per share attributable to common shareholders:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(in thousands, except share and per share amounts)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(20,018

)

 

$

(15,559

)

 

$

(42,750

)

 

$

(53,204

)

Deemed dividend

 

 

 

 

 

 

 

 

 

 

 

(1,552

)

Net loss attributable to common shareholders

 

$

(20,018

)

 

$

(15,559

)

 

$

(42,750

)

 

$

(54,756

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock outstanding,
   basic and diluted

 

 

50,848,391

 

 

 

3,609,462

 

 

 

50,717,548

 

 

 

3,095,244

 

Basic and diluted net loss per share attributable to common
   shareholders

 

$

(0.39

)

 

$

(4.31

)

 

$

(0.84

)

 

$

(17.69

)

Schedule of Potentially Dilutive Securities Excluded from Calculation of Diluted Net Loss Per Share

The table below provides potentially dilutive securities not included in the calculation of the diluted net loss per share (in common stock equivalent shares) at June 30, 2022 and 2021, because to do so would be anti-dilutive. Excluded from the table at June 30, 2021 is the potential impact from the Convertible Notes and Convertible SAFE Notes, as the number of shares was unknown at that time:

 

 

 

June 30,

 

 

 

2022

 

 

2021

 

Shares issuable upon conversion of Series A and A-1 preferred stock

 

 

 

 

 

31,300,401

 

Shares issuable upon exercise of stock options

 

 

7,399,965

 

 

 

2,423,990

 

Unvested restricted stock units

 

 

678,837

 

 

 

 

Unvested restricted stock awards

 

 

60,884

 

 

 

172,114

 

Shares purchasable under the 2021 Employee Stock Purchase Plan

 

 

18,130

 

 

 

 

Total

 

 

8,157,816

 

 

 

33,896,505