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Net Loss Attributable to Common Stockholders per Share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Net Loss Attributable to Common Stockholders per Share | 10. Net Loss Attributable to Common Stockholders per Share For purposes of the diluted net loss attributable to common stockholders per share calculation, outstanding stock options, unvested RSAs, unvested RSUs, conversion option derivative under the K2HV Loan Agreement, and warrants to purchase common stock are considered to be potentially dilutive securities, however the following outstanding shares of common stock equivalents were excluded from the calculation of diluted net loss attributable to common stockholders per share because their effect would be anti-dilutive:
| June 30,
| 2024 |  | 2023
Outstanding stock options | 7,510,033 |  |  | 6,745,934 |
Unvested RSUs | 150,000 |  |  | 316,500 |
Warrants to purchase common stock | 58,904 |  |  | 58,904 |
Common stock to be issued under the 2021 ESPP | 36,767 |  |  | 18,366 |
Total | 7,755,704 |  |  | 7,139,704 |
Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the applicable period. In computing diluted net loss per share, only potential shares of common stock that are dilutive are included. We considered each issue or series of issues of potential shares of common stock separately when determining whether potential shares of common stock are dilutive or antidilutive. We made such determination in sequence from the most dilutive to the least dilutive and concluded that the conversion option derivative under the K2HV Loan Agreement is dilutive to net loss per share for the three and six months ended June 30, 2024. Pursuant to FASB ASC Topic 260, Earnings Per Share, we applied the if-converted method to determine the effect of the conversion option derivative under the K2HV Loan Agreement on the diluted earnings per share calculations. Pursuant to such method, we adjusted the numerator for the gain recognized during the period in net loss from the conversion option derivative under the K2HV Loan Agreement and the increased the denominator to include the number of additional shares of common stock that would have been outstanding if the conversion option derivative under the K2HV Loan Agreement were converted as of the beginning the period.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Numerator |  |  |  |  |  |  |
Net loss | $ | (17,249) |  |  | $ | (5,098) |  |  | $ | (33,442) |  |  | $ | (17,080) |
Less: Change in fair value of derivative liability | (1,609) |  |  | — |  |  | (1,609) |  |  | — |
Plus: Interest expense on converted term loan | 120 |  |  | — |  |  | 120 |  |  | — |
Adjusted net loss | $ | (18,738) |  |  | $ | (5,098) |  |  | $ | (34,931) |  |  | $ | (17,080) |
Denominator |  |  |  |  |  |  |
Weighted-average common stock outstanding, basic | 43,521,406 |  |  | 35,557,701 |  |  | 42,564,342 |  |  | 35,173,327 |
Dilutive effect of common stock issuable from assumed conversion of convertible term loan | 521,778 |  |  | — |  |  | 260,889 |  |  | — |
Weighted-average common stock outstanding, diluted | 44,043,184 |  |  | 35,557,701 |  |  | 42,825,231 |  |  | 35,173,327 |
Net loss per share |  |  |  |  |  |  |
Basic | $ | (0.40) |  |  | $ | (0.14) |  |  | $ | (0.79) |  |  | $ | (0.49) |
Diluted | $ | (0.43) |  |  | $ | (0.14) |  |  | $ | (0.82) |  |  | $ | (0.49) |

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