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

Note 20 — Net Loss Per Share

 

Net loss per share calculations for all periods have been adjusted to reflect the reverse stock split effected on January 12, 2021. Net loss per share was calculated based on the weighted average number of common stock then outstanding.

 

Basic net loss per share is calculated using the weighted-average number of common shares outstanding during the periods. Net loss per share, assuming dilution, is calculated using the weighted-average number of common shares outstanding and the dilutive effect of all potentially dilutive securities, including common stock equivalents and convertible securities. Net loss per share, assuming dilution, is equal to basic net loss per share because the effect of dilutive securities outstanding during the periods, including options and warrants computed using the treasury stock method, is anti-dilutive.

 

The components of basic and diluted net loss per share were as follows:

 

  Year ended
December 31,		 
(Dollar Amounts, Excluding Per Share Amounts, in Thousands)  2021   2020 
Numerator:        
Net loss attributable to Agrify Corporation  $(32,465)  $(21,617)
Accrued dividend attributable to Preferred A Stockholders   (61)   (583)
Net loss available for common shareholders  $(32,526)  $(22,200)
Denominator:          
Weighted-average common shares outstanding – basic and diluted   19,090,932    4,175,867 
Net loss per share attributable to common stockholders – basic and diluted  $(1.69)  $(5.32)

 

As of December 31, 2021 and 2020, the Company excluded the following securities from net loss per share as the effect of including them would have been anti-dilutive. The shares shown represent the number of shares of common stock which would be issued upon conversion in the respective years shown below:

 

   Year ended
December 31,		 
   2021   2020 
Options outstanding   3,564,289    3,133,109 
Warrants outstanding   271,844    828,173 
    3,836,133    3,961,282