Loss per Share

12 Months Ended

Dec. 31, 2021

The following table sets forth the computation of basic and diluted net loss per share:


	Year Ended December 31, 2021		Year Ended December 31, 2020
Net loss	$	(88,602)	$	(52,697)

Basic weighted average number of shares of common stock outstanding	92,239,306		69,524,148
Diluted weighted average number of shares of common stock outstanding	92,239,306		69,524,148
Basic net loss per share	$	(0.96)	$	(0.76)
Diluted net loss per share	$	(0.96)	$	(0.76)

Basic net loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding for the period. Diluted net loss per share is computed by dividing the diluted net loss by the weighted-average number of common shares outstanding for the period, including potentially dilutive common shares. The dilutive effect of share options and warrants are determined under the treasury stock method using the average market price for the period. In addition, the assumed proceeds under the treasury stock method include the average unrecognized compensation expense of stock options and warrants that are in-the-money. 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 share equivalents outstanding would have been anti-dilutive.

The following potentially dilutive securities were excluded from the computation of the diluted net loss per share of common stock for the periods presented because their effect would have been anti-dilutive:


	2021	2020
Restricted stock units	—	26,923
Options to purchase common stock	13,797,556	3,672,968
Warrants	5,821,137	5,821,137
Shares expected to be purchased under employee stock purchase plan	202,045	—
	19,820,738	9,521,028