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Net Loss per Share
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Net Loss per Share

14. Net Loss per Share

Basic and diluted net loss per share was calculated as follows (in thousands, except share and per share amounts):

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(75,975

)

 

$

(12,828

)

Denominator:

 

 

 

 

 

 

Weighted-average common shares outstanding, basic and diluted

 

 

8,493,273

 

 

 

1,030,556

 

Net loss per share, basic and diluted

 

$

(8.95

)

 

$

(12.45

)

 

The Company’s potentially dilutive securities, which include convertible preferred stock, restricted stock, and stock options, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, 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 potentially dilutive securities have been excluded from the calculation of diluted net loss per common share due to their anti-dilutive effect:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Convertible Preferred Stock

 

 

 

 

 

3,573,659

 

Unvested Restricted Stock

 

 

618,494

 

 

 

888,612

 

Stock options outstanding

 

 

5,926,969

 

 

 

220,383

 

Total

 

 

6,545,463

 

 

 

4,682,654