Net Loss per Share or Unit - Basic and Diluted

12 Months Ended

Dec. 31, 2022

Net Loss per Share or Unit - Basic and Diluted

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

For the years ended December 31, 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, as described in Note 3, the net loss per share or unit information prior to the Transaction, has been retroactively adjusted to amounts reflecting the Exchange Ratio established in the Transaction.

For the years ended December 31, 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, stock options, 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 year end, were excluded from the computation of diluted net loss per share or unit because including them would have had an anti-dilutive effect:


	Year Ended December 31,
	2022		2021
Options to purchase common stock		2,152,641		2,689,935
Earn-Out Shares		3,150,000		—
Convertible preferred stock (as converted to common stock)		342,754		10,643,403
Warrants to purchase common stock		11,041,332		—

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


	Year Ended December 31,
	2022			2021
Net loss available to common stockholders or members — basic and diluted	$	(18,377,954	)	$	(5,451,778	)
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		10,452,697			3,012,603
Net loss per share or unit attributable to common stockholders or unit holders—basic and diluted	$	(1.76	)	$	(1.81	)