Loss per common share

3 Months Ended

Mar. 31, 2022

13.	Loss per common share

The following table sets forth the computation of basic and diluted loss per common share (each adjusted to account for the 50-for-1 reverse stock split) for the periods presented (in thousands, except per share amounts):

	Three Months Ended March 31,
	2022			2021
Numerator:
Net loss	$	(49,021	)	$	(39,383	)
Denominator:
Weighted average common shares for basic loss per common share		8,614			6,945
Effect of dilutive securities		—			—
Weighted average common shares for diluted loss per common share		8,614			6,945
Loss per common share, basic and diluted	$	(5.69	)	$	(5.67	)

Since we reported a net loss for the three months ended March 31, 2022 and 2021, our potentially dilutive securities are deemed to be anti-dilutive, accordingly, there was no effect of dilutive securities. Therefore, our basic and diluted loss per common share and our basic and diluted weighted average common share are the same for the three months ended March 31, 2022 and 2021.

The following table sets forth the outstanding securities as of the periods presented which were not included in the calculation of diluted earnings per common share during the respective three months ended March 31, 2022 and 2021 (in thousands):

	As of March 31,
	2022		2021
Stock options		316		475
RSUs		339		147
PSUs		176		48
Warrants		103		118
		934		788