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Net Loss Per Share
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Net loss per share

Note 10. Net Loss Per Share

The following table sets forth the computation of the basic and diluted net loss per share (in thousands, except for per share amounts):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(10,120

)

 

$

(5,007

)

 

$

(17,775

)

 

$

(7,055

)

Add accretion to redemption value and cumulative dividends on preferred stock

 

 

 

 

 

(1,904

)

 

 

(1,820

)

 

 

(2,665

)

Net loss attributable to common stockholders

 

$

(10,120

)

 

$

(6,911

)

 

$

(19,595

)

 

$

(9,720

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding used to calculate net loss per share attributable to common stockholders, basic and diluted

 

 

19,258,066

 

 

 

2,633,954

 

 

 

11,263,804

 

 

 

2,627,349

 

Net loss per share attributable to common stockholders, basic and diluted

 

$

(0.53

)

 

$

(2.62

)

 

$

(1.74

)

 

$

(3.70

)

 

Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods as the inclusion of all potential common shares outstanding would have been anti-dilutive. Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:

 

 

 

June 30,

 

 

 

2022

 

 

2021

 

Series A redeemable convertible preferred stock

 

 

 

 

 

6,076,196

 

Series B redeemable convertible preferred stock

 

 

 

 

 

5,333,292

 

Options issued and outstanding

 

 

2,468,491

 

 

 

1,072,613

 

Early exercised common stock subject to future vesting

 

 

31,148

 

 

 

91,224

 

Total

 

 

2,499,639

 

 

 

12,573,325