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Net Loss Per Share
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share

15. Net Loss Per Share

 

Basic and diluted earnings (loss) per share are computed using the two-class method, which is an earnings allocation method that determines earnings (loss) per share for common shares and participating securities. The participating securities consist of the Company’s Series A Preferred Stock. The undistributed earnings are allocated between common shares and participating securities as if all earnings had been distributed during the period. In periods of loss, no allocation is made to the Series A Preferred Stock and diluted net loss per share is the same as basic net loss per share because common stock equivalents are excluded as its inclusion would be anti-dilutive.

 

 

The following potentially dilutive securities outstanding have been excluded from the computation of diluted weighted-average shares outstanding, because such securities had an antidilutive impact:

  

Three and Nine Months Ended

September 30,

 
   2022   2021 
Stock options to purchase common stock   307,918    194,393 
Warrants to purchase common stock   1,284,803    1,222,042 
Total   1,592,721    1,416,435