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Loss Per Share
 6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Loss Per Share

12. Loss Per Share

The following table sets forth the reconciliation of basic and diluted loss per share for the three and six months ended June 30, 2023 and 2022 (in thousands except per share data):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net loss for basic loss per share available to common stockholders

 

$

(26,649

)

 

$

(17,838

)

 

$

(57,402

)

 

$

(26,981

)

Net loss for diluted loss per share available to common stockholders

 

$

(26,649

)

 

$

(17,838

)

 

$

(57,402

)

 

$

(26,981

)

Weighted average number of shares outstanding - basic

 

 

142,626

 

 

 

133,060

 

 

 

142,146

 

 

 

133,043

 

Effect of dilutive securities

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Weighted average number of shares and assumed conversions - diluted

 

 

142,626

 

 

 

133,060

 

 

 

142,146

 

 

 

133,043

 

Loss per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.19

)

 

$

(0.13

)

 

$

(0.40

)

 

$

(0.20

)

Diluted

 

$

(0.19

)

 

$

(0.13

)

 

$

(0.40

)

 

$

(0.20

)

 

 

The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:

 

 

 

June 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Stock options

 

 

31,353,086

 

 

 

16,939,093

 

Public Warrants

 

 

6,854,309

 

 

 

6,899,988

 

Private Warrants

 

 

4,104,000

 

 

 

4,104,000

 

Retainer shares

 

 

4,000,000

 

 

 

—

 

Convertible Debentures

 

 

2,343,750

 

 

 

—

 

Total

 

 

48,655,145

 

 

 

27,943,081