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Net Loss Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Calculation of Basic and Diluted Net Loss per Share

			For the Three Months Ended September 30, 2022												For the Three Months Ended September 30, 2021
			Class A						Class B						Class A						Class B
Basic and diluted net income per common share:
Numerator:
Allocation of net income			$	995,636					$	248,909					$	332,524					$	136,573
Denominator:
Basic and diluted weighted average common shares outstanding			15,000,000						3,750,000						9,130,435						3,750,000
Basic and diluted net income per common share			$	0.07					$	0.07					$	0.04					$	0.04

			For the Nine Months Ended September 30, 2022												For the Period from January 28, 2021 (inception) through September 30, 2021
			Class A						Class B						Class A						Class B
Basic and diluted net income per common share:
Numerator:
Allocation of net income			$	844,868					$	211,217					$	223,297					$	244,231
Denominator:
Basic and diluted weighted average common shares outstanding			15,000,000						3,750,000						3,428,571						3,750,000
Basic and diluted net income per common share			$	0.06					$	0.06					$	0.07					$	0.07

			For the period from January 28, 2021 (inception) through December 31, 2021
			Class A						Class B
Basic and diluted net income (loss) per common share:
Numerator:
Allocation of net income (loss)			$	25,974					$	20,764
Denominator:
Basic and diluted weighted average common shares outstanding			4,690,909						3,750,000
Basic and diluted net income (loss) per common share			$	0.01					$	0.01

The following table presents the calculation of basic and diluted net loss per share for the Company’s common stock (in thousands, except shares and per share amounts):

			Nine months ended September 30,
			2022						2021
Numerator:
Net loss for basic and diluted earnings per common share			$	(54,974)					$	(30,591)
Unpaid cumulative dividends on preferred stock			(28,925)						(27,068)
Net loss allocated to common shareholders			$	(83,899)					$	(57,659)
Denominator:
Weighted-average shares used in calculating net loss per share, basic and diluted			2,108,472						1,909,635
Net loss per common share, basic and diluted(1)			$	(39.79)					$	(30.19)

__________________

(1)In periods in which the Company reports a net loss, all share-based compensation awards are excluded from the calculation of diluted weighted average shares outstanding because of their anti-dilutive effect on earnings (loss) per share.

The following table presents the calculation of basic and diluted net loss per share for the Company’s common stock (in thousands, except shares and per share amounts):

			Year Ended December 31,
			2021						2020
			as Restated						as Restated
Numerator:
Net loss for basic and diluted earnings per common share			$	(46,689)					$	(37,713)
Unpaid cumulative dividends on preferred stock			(36,758)						(31,291)
Net loss allocated to common shareholders			$	(83,447)					$	(69,004)
Denominator:
Weighted-average shares used in calculating net loss per share, basic and diluted			1,959,165						1,629,821
Net loss per common share, basic and diluted(1)			$	(42.59)					$	(42.34)

__________________

(1)In periods in which the Company reports a net loss, all stock-based compensation awards are excluded from the calculation of diluted weighted average shares outstanding because of their anti-dilutive effect on earnings (loss) per share.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

As of September 30, 2022 and 2021, potential shares of common stock not included in the computation of loss per share because their effect would be antidilutive include the following:

			Nine months ended September 30,
			2022						2021
Redeemable convertible preferred stock (if converted)			29,521,810						29,521,810
Options			3,790,978						3,540,570
RSAs			579,660						579,660
Warrants			225,223						225,223
Total			34,117,671						33,867,263

As of December 31, 2021 and 2020, potential shares of common stock not included in the computation of earnings per share because their effect would be antidilutive include the following:

			Year Ended December 31,
			2021						2020
Redeemable convertible preferred stock (if converted)			29,521,810						25,729,542
Options			3,848,420						4,283,200
RSAs			579,660						324,680
Warrants			225,223						383,281
Total			34,175,113						30,720,703

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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