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Loss Per Share | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Loss Per Share | 14. LOSS PER SHARE Basic loss per share of Class A common stock is computed by dividing net loss attributable to the Company for the period by the weighted-average number of shares of Class A common stock outstanding during the same period. Diluted loss per share of Class A common stock is computed by dividing net loss attributable to the Company by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities and assumed conversion of Class B common stock into shares of Class A common stock on a one-for-one basis using the if-converted method. The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted loss per share of Class A common stock:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |  |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |  |
(in thousands, except for share and per share amounts) |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss per share: |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss and comprehensive loss |  | $ | (2,842 | ) |  | $ | (11,250 | ) |  | $ | (17,002 | ) |  | $ | (19,171 | ) |
Less: net loss attributable to non-controlling interests |  |  | 315 |  |  |  | 3,033 |  |  |  | 2,760 |  |  |  | 4,932 |  |
Add: adjustment to reallocate net loss to controlling interest |  |  | (7 | ) | (1) |  | (19 | ) | (1) |  | (6 | ) | (1) |  | 603 |  | (1)
Net loss to Zevia PBC - basic |  | $ | (2,534 | ) |  | $ | (8,236 | ) |  | $ | (14,248 | ) |  | $ | (13,636 | ) |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares of Class A common stock outstanding – basic |  |  | 59,264,182 |  |  |  | 50,144,198 |  |  |  | 57,738,722 |  |  |  | 49,317,058 |  |
Add: weighted average shares of vested and unreleased RSUs |  |  | 226,076 |  | (2) |  | 610,272 |  | (2) |  | 299,058 |  | (2) |  | 757,933 |  | (2)
Weighted-average basic and diluted shares |  |  | 59,490,258 |  |  |  | 50,754,470 |  |  |  | 58,037,780 |  |  |  | 50,074,992 |  |
Loss per share of Class A common stock – basic |  | $ | (0.04 | ) |  | $ | (0.16 | ) |  | $ | (0.25 | ) |  | $ | (0.27 | ) |
Loss per share of Class A common stock – diluted |  | $ | (0.04 | ) |  | $ | (0.16 | ) |  | $ | (0.25 | ) |  | $ | (0.27 | ) |
(1) The numerator for the basic and diluted loss per share is adjusted for additional losses being attributed to controlling interest as a result of the impacts of vested but unreleased RSUs being included in the denominator of the basic and diluted loss per share. (2) The denominator for basic and diluted loss per share includes vested and unreleased RSUs as there are no conditions that would prevent these RSUs from being issued in the future as shares of Class A common stock except for the mere passage of time. The following weighted average outstanding shares were excluded from the computation of diluted loss per share available to Class A common stockholders as they were anti-dilutive:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Zevia LLC Class B units exchangeable to shares of Class A common stock |  |  | 13,502,398 |  |  |  | 20,952,967 |  |  |  | 14,575,937 |  |  |  | 21,278,538 |
Stock options |  |  | 3,067,441 |  |  |  | 3,571,659 |  |  |  | 3,183,110 |  |  |  | 3,480,778 |
RSUs |  |  | 4,000,334 |  |  |  | 2,638,287 |  |  |  | 3,538,498 |  |  |  | 2,775,861 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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