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Loss Per Common Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Summary of Common Share Equivalent Securities Excluded from the Calculation Weighted Average Common Shares Outstanding

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

 

Summary of Basic and Diluted Net Loss Per Common Share

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

)