Loss Per Common Share

6 Months Ended

Jun. 30, 2022

5. Loss Per Common Share

Diluted loss per common share is the same as basic loss per common share for all periods presented because the effects of potentially dilutive items were anti-dilutive given the Company’s net loss.

The following common share equivalent securities have been excluded from the calculation of weighted average common shares outstanding because the effect is anti-dilutive for the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
Anti-Dilutive Common Share Equivalents	2022		2021		2022		2021
Convertible redeemable preferred stock		-		111,142,124		-		111,142,124
Convertible common stock		-		2,785,606		-		2,785,606
Stock options		7,596,230		5,684,432		7,596,230		5,684,432
Restricted stock units		8,043,664		2,494,192		8,043,664		2,494,192
Employee stock purchase plan		62,104		-		62,104		-
Warrants		-		704,048		-		704,048
Total anti-dilutive common share equivalents		15,701,998		122,810,402		15,701,998		122,810,402

Basic and diluted net loss per common share is calculated as follows:


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Numerator:
Net loss	$	(25,737	)	$	(21,999	)	$	(50,884	)	$	(92,025	)
Accretion of convertible preferred stock		-			(4,802	)		-			(9,404	)
Net loss attributable to common stockholders	$	(25,737	)	$	(26,801	)	$	(50,884	)	$	(101,429	)
Denominator:
Weighted-average common shares outstanding, basic and diluted		197,864,993			54,562,145			197,443,615			53,317,276
Net loss per common share, basic and diluted	$	(0.13	)	$	(0.49	)	$	(0.26	)	$	(1.90	)