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NET LOSS PER SHARE (Tables) | 9 Months Ended
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Sep. 30, 2021
NET LOSS PER SHARE [Abstract] |
Basic and Diluted Net Loss Per Share | The following table presents the calculation of basic and diluted net loss per share for the Company’s common stock:
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Numerator |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (18,091 | ) |  | $ | (8,557 | ) |  | $ | (65,567 | ) |  | $ | (27,068 | )
Numerator for basic and diluted EPS - loss attributable to common stockholders |  | $ | (18,091 | ) |  | $ | (8,557 | ) |  | $ | (65,567 | ) |  | $ | (27,068 | )
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  | 136,456,848 |  |  |  | 5,360,497 |  |  |  | 60,104,891 |  |  |  | 5,350,771 |
Denominator for basic and diluted EPS - weighted-average common stock |  |  | 136,456,848 |  |  |  | 5,360,497 |  |  |  | 60,104,891 |  |  |  | 5,350,771 |
Basic and diluted net loss per share |  | $ | (0.13 | ) |  | $ | (1.60 | ) |  | $ | (1.09 | ) |  | $ | (5.06 | )
Anti-Dilutive Common Equivalent Shares | Since the Company was in a net loss position for all periods presented, the basic net loss per shares calculation excludes preferred stock as it does not participate in net losses of the Company. Additionally, net loss per share attributable to Class A and Class B common stockholders was the same on a basic and diluted basis, as the inclusion of all potential common equivalent shares outstanding would have been anti-dilutive. Anti-dilutive common equivalent shares were as follows:
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Outstanding options to purchase common stock |  |  | 8,126,177 |  |  |  | 7,978,697 |  |  |  | 8,126,177 |  |  |  | 7,978,697 |
Outstanding restricted stock units |  |  | 4,861,315 |  |  |  | - |  |  |  | 4,861,315 |  |  |  | - |
Outstanding warrants |  |  | 3,968,319 |  |  |  | - |  |  |  | 3,968,319 |  |  |  | - |
Outstanding convertible preferred stock (Series A through E) |  |  | - |  |  |  | 68,684,758 |  |  |  | - |  |  |  | 68,684,758 |
|  |  | 16,955,811 |  |  |  | 76,663,455 |  |  |  | 16,955,811 |  |  |  | 76,663,455 |  |
Adjustments to Previously Issued Basic and Diluted Net Loss Per Share | The adjustments to the Company’s previously issued condensed consolidated statements of operations and comprehensive loss and Note 10 to our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021 are as follows:
|  | Three months ended June 30, 2021 |  |  | Six months ended June 30, 2021 |
|  | As Reported |  |  | As Revised |  |  | As Reported |  |  | As Revised |
Denominator |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  | 11,696,084 |  |  |  | 36,890,502 |  |  |  | 8,629,355 |  |  |  | 21,296,162 |
Denominator for basic and diluted EPS - weighted-average common stock |  |  | 11,696,084 |  |  |  | 36,890,502 |  |  |  | 8,629,355 |  |  |  | 21,296,162 |
Basic and diluted net loss per share |  | $ | (3.05 | ) |  | $ | (0.97 | ) |  | $ | (5.50 | ) |  | $ | (2.23 | )

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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