XML 26 R16.htm IDEA: XBRL DOCUMENT v3.22.2
Net Loss per Share
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Net Loss per Share

10.

Net Loss per Share

The following table summarizes the computation of basic and diluted net loss per share attributable to common stockholders of the Company:

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net loss

 

$

(8,052

)

 

$

(9,794

)

 

$

(15,381

)

 

$

(18,165

)

Weighted average common shares used in net loss per share attributable to common stockholders, basic and diluted

 

 

59,542,628

 

 

 

20,123,461

 

 

 

45,253,599

 

 

 

19,772,201

 

Basic and diluted net loss per common share outstanding

 

$

(0.14

)

 

$

(0.49

)

 

$

(0.34

)

 

$

(0.92

)

Basic shares outstanding includes the weighted average effect of the Company’s pre-funded warrants from the date of issuance, the exercise of which requires little or no consideration for the delivery of shares of common stock. As of June 30, 2022, the Company had pre-funded warrants to purchase 24,379,673 share of common stock outstanding, which were issued in the April 2022 Private Placement. Such pre-funded warrants are included in the weighted average common shares used in net loss per share attributable to common stockholders, basic and diluted in both the three and six months ended June 30 2022.

The Company’s potential dilutive securities, which include stock options and warrants, have been excluded from the computation of diluted net loss per share attributable to common stockholders whenever the effect of including them would be to reduce the net loss per share. In periods where there is a net loss, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. The following potential common shares, presented based on shares outstanding as of June 30, 2022 and 2021, respectively, were excluded from the calculation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:

 

 

Shares as of June 30,

 

 

 

2022

 

 

2021

 

Stock Options

 

 

4,144,367

 

 

 

3,202,377

 

Warrants

 

 

14,002,974

 

 

 

 

 

 

 

18,147,341

 

 

 

3,202,377