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Net Loss Per Share
 3 Months Ended
Mar. 31, 2022
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 Company’s Reverse Stock Split. Net loss per share was calculated based on the weighted-average number of its Common Stock then outstanding.

 

Basic net loss per share is calculated using the weighted-average number of Common Stock 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:

 

   Three Months ended
March 31,		 
(In thousands, except share and per share data)  2022   2021 
Numerator:        
Net loss attributable to Agrify Corporation  $(8,882)  $(3,810)
Accrued dividend attributable to Preferred A Stockholders   
—
    (61)
Net loss available for common shareholders  $(8,882)  $(3,871)
Denominator:          
Weighted-average common shares outstanding – basic and diluted   24,589,113    11,568,105 
Net loss per share attributable to Common Stockholders – basic and diluted  $(0.36)  $(0.33)

 

As of March 31, 2022 and 2021, 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:

 

   Three months ended
March 31,		 
   2022   2021 
Options outstanding   3,355,003    3,879,021 
Warrants outstanding   10,156,052    965,907 
    13,511,055    4,844,928