XML 31 R22.htm IDEA: XBRL DOCUMENT v3.22.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
Schedule of Calculation of Basic and Diluted Net Loss Per Share

The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data):

 

           
   Three Months Ended March 31, 
   2022   2021 
Basic loss per share:          
Net loss  $(140,817)  $(70,186)
Less: net loss attributable to non-controlling interest   93    76 
Net loss attributable to common stockholders  $(140,724)  $(70,110)
           
Shares used in computation:          
Weighted-average common shares outstanding   157,503,479    118,584,166 
Basic and diluted loss per share  $(0.89)  $(0.59)
Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

The following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive:

   As of March 31, 
   2022   2021 
Warrants to purchase common stock   3    1,822,271 
Stock options   16,004,772    15,488,783 
Unvested restricted stock units   5,877,591    1,131,543 
Convertible notes variable settlement feature   6,966,078    6,966,078 
Total   28,848,444    25,408,675 
Schedule of Adjustments to Condensed Consolidated Balance Sheet

The following table summarizes the adjustments made to the Company’s condensed consolidated balance sheet as of January 1, 2022 as a result of applying the modified retrospective method in adopting ASU 2020-06:

 

  

As Reported

December 31, 2021

  

ASU 2020-06

Adjustments

  

As Adjusted

January 1, 2022

 
2026 Convertible Notes  $316,354   $75,264   $391,618 
Additional paid-in capital  $1,691,206   $(87,946)  $1,603,260 
Accumulated deficit  $(1,009,293)  $12,682   $(996,611)