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Net Loss Per Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Net Loss Per Share

Note 16 — 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 June 30,								Six Months ended June 30,
(In thousands, except share and per share data)		2022				2021				2022				2021
Numerator:
Net loss attributable to Agrify Corporation		$	(93,401	)		$	(5,636	)		$	(102,283	)		$	(9,446	)
Accrued dividend attributable to Preferred A Stockholders			—				—				—				(61	)
Net loss available for Common Stockholders		$	(93,401	)		$	(5,636	)		$	(102,283	)		$	(9,507	)
Denominator:
Weighted-average common shares outstanding – basic and diluted			26,582,104				20,344,278				25,591,114				16,661,948
Net loss per share attributable to Common Stockholders – basic and diluted		$	(3.51	)		$	(0.28	)		$	(4.00	)		$	(0.57	)

The Company’s potential dilutive securities, which include stock options and warrants, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. The Company excluded the following potential common shares equivalents presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:

		June 30, 2022				December 31, 2021
Options outstanding			3,290,900				3,564,289
Warrants outstanding			10,111,798				271,844
			13,402,698				3,836,133