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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Summary of Components of Basic and Diluted Earnings Per Share

The components of basic and diluted earnings per share are as follows (in thousands, except per share data):

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(15,303

)

 

$

(2,944

)

 

$

(6,346

)

 

$

(21,799

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic

 

 

115,985

 

 

 

57,865

 

 

 

78,191

 

 

 

57,865

 

Dilutive effect of preferred stock (1)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Dilutive effect of stock options (1)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Dilutive effect of warrants (1)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Weighted average common shares outstanding, diluted

 

 

115,985

 

 

 

57,865

 

 

 

78,191

 

 

 

57,865

 

Net loss per share, basic

 

$

(0.13

)

 

$

(0.05

)

 

$

(0.08

)

 

$

(0.38

)

Net loss per share, diluted

 

$

(0.13

)

 

$

(0.05

)

 

$

(0.08

)

 

$

(0.38

)

Anti-dilutive securities excluded from diluted loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive preferred stock (1)

 

 

—

 

 

 

138,612

 

 

 

—

 

 

 

138,612

 

Anti-dilutive stock options (1)

 

 

26,652

 

 

 

22,973

 

 

 

26,652

 

 

 

22,973

 

Anti-dilutive warrants (1)

 

 

—

 

 

 

1,887

 

 

 

—

 

 

 

1,887

 
(1)
Due to the net loss during each of the three and nine months ended September 30, 2021 and 2020, no dilutive securities were included in the calculation of diluted loss per share because they would have been anti-dilutive.