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Net Loss per Share
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Net Loss per Share

14. Net Loss per Share

 

Basic and diluted net loss per share is calculated based upon the weighted average number of shares of common stock outstanding during the period. Shares of the Company’s common stock underlying pre-funded warrants are included in the weighted average number of shares of common stock used to calculate basic and diluted net loss per share attributable to common stockholders as they are exercisable at any time for nominal cash. Since the Company was in a loss position for all periods presented, basic net loss per common share is the same as diluted net loss per common share for all periods presented as the inclusion of all potential common shares would have been anti-dilutive. Convertible notes and potential common shares presented below were excluded from the calculation of diluted net loss per share, prior to the use of the treasury stock method, as their effect is anti-dilutive (in thousands):

 

 

As of June 30,

 

 

2024

 

 

2023

 

Convertible notes

 

2,379

 

 

 

2,379

 

Common stock options

 

8,299

 

 

 

10,665

 

Restricted stock units

 

4,381

 

 

 

4,669

 

Total

 

15,059

 

 

 

17,713