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Net Loss Per Share
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Net Loss Per Share

Note 17 — Net Loss Per Share

 

The Net loss per share basic and diluted for the respective periods indicated is as follows:

 

   2023   2022 
  

Years Ended

December 31,

 
   2023   2022 
Numerator          
Net loss  $(52,666)  $(56,171)
           
Denominator          
Weighted average common shares outstanding, basic and diluted   41,756,129    36,172,421 
           
Net loss per share (1)          
Net loss per share - basic and diluted  $(1.26)  $(1.55)

 

(1)- Convertible Preferred Stock would potentially be considered a participating security under the two-class method of calculating net loss per share. However, the Company has incurred net losses to-date, and as such holders are not contractually obligated to share in the losses, there is no impact on the Company’s net loss per share calculation for the periods indicated.

 

Basic weighted-average number of shares of common stock outstanding for the years ended December 31, 2023 and 2022 include the shares of the Company issued and outstanding during such periods, each on a weighted average basis. The basic weighted average number of shares common stock outstanding excludes common stock equivalent incremental shares, while diluted weighted average number of shares outstanding includes such incremental shares. However, as the Company was in a loss position for all years presented, basic and diluted weighted average shares outstanding are the same, as the inclusion of the incremental shares would be anti-dilutive. The common stock equivalents excluded from the computation of diluted weighted average shares outstanding are as follows:

 

   2023   2022 
   December 31, 
   2023   2022 
         
Stock options   5,504,383    2,565,377 
Unvested restricted stock awards   2,337,440    2,091,420 
Preferred stock   13,744,812    — 
Total   21,586,635    4,656,797