Net Loss per Share or Unit - Basic and Diluted

6 Months Ended

Jun. 30, 2022

Net Loss per Share or Unit - Basic and Diluted

15. Net Loss per Share or Unit – Basic and Diluted

For the three and six months ended June 30, 2022 and 2021, basic net loss per share or unit was computed by dividing the net loss attributable to common stockholders or unit holders by the weighted average number of common shares or units outstanding. Prior to April 30, 2021, undistributed losses were allocated equally to each class of member units, including vested incentive units, since they shared equally in the residual net assets of Legacy Comera upon liquidation, subject to their different distribution participation rights. Subsequent to April 30, 2021, undistributed losses were allocated entirely to common stockholders since neither the convertible preferred stock nor the contingently returnable Earn-Out Shares are required to share in the losses of the Company.

As the Transaction has been accounted for as a reverse recapitalization, the share or units and net loss per share or unit, prior to the Transaction, have been retroactively adjusted to amounts reflecting the Exchange Ratio established in the Transaction.

For the three and six months ended June 30, 2022 and 2021, diluted net loss per share or unit is the same as basic net loss per share or unit since the effect of considering unvested incentive units, options to purchase common stock, warrants to purchase common stock, Earn-Out Shares, and convertible preferred stock in the calculation would be anti-dilutive.

The following potentially dilutive common stock or member unit equivalents, presented based on amounts outstanding at each period end, were excluded from the computation of diluted net loss per share or unit because including them would have had an anti-dilutive effect:


	Three and Six Months Ended June 30,
	2022		2021
Options to purchase common stock		1,618,441		2,275,741
Earn-Out Shares		3,150,000		—
Convertible preferred stock (as converted to common stock)		342,755		9,960,144
Warrants to purchase common stock		11,041,432		—

The following table sets forth the calculation of basic and diluted net loss per share or unit:


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2022			2021			2021
Net loss available to common stockholders or unit holders— basic and diluted	$	(9,286,436	)	$	(1,980,570	)	$	(12,165,831	)	$	(2,513,975	)
Weighted-average number of common shares or units used in computing net loss per share or unit attributable to common stockholders or unit holders—basic and diluted		8,142,383			2,909,613			4,430,401			5,861,392
Net loss per share or unit attributable to common stockholders or unit holders—basic and diluted	$	(1.14	)	$	(0.68	)	$	(2.75	)	$	(0.43	)