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Net Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of calculation of basic and diluted net 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):

			Three Months Ended March 31,
			2024						2023
Numerator:
Net loss for basic and diluted earnings per common share			$	(25,508)					$	(63,312)
Unpaid cumulative dividends on preferred stock			—						(4,117)
Net loss allocated to common shareholders			$	(25,508)					$	(67,429)
Denominator:
Weighted-average shares used in calculating net loss per share, basic and diluted			196,974,508						116,530,963
Net loss per common share, basic and diluted(1)			$	(0.13)					$	(0.58)

__________________

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

Schedule of antidilutive securities excluded from computation

As of March 31, 2024 and 2023, common stock equivalents not included in the computation of loss per share because their effect would be antidilutive include the following:

			March 31,
			2024						2023
Options			16,167,460						14,355,066
RSUs			5,944,771						—
Brookfield SAFE			5,000,000						5,000,000
Warrants			16,657,686						16,657,686
Total			43,769,917						36,012,752

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- References

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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
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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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
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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