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Net Loss Per Share
12 Months Ended
Dec. 31, 2020
Net Loss Per Share  
Net Loss Per Share

11. Net Loss Per Share

Basic and diluted net loss per share for the years ended December 31, 2020 and 2019 was calculated as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

    

2020

    

2019

Numerator:

 

 

 

 

 

 

Net loss

 

$

(27,514)

 

$

(32,900)

Dividend attributable to down round feature of warrants

 

 

(303)

 

 

(359)

Dividend attributable to Series A & B convertible preferred stock

 

 

(372)

 

 

 —

Series A & B convertible preferred stock - beneficial conversion feature

 

 

(9,399)

 

 

 —

Net loss attributable to common stockholders for basic and diluted loss per share

 

$

(37,588)

 

$

(33,259)

Denominator:

 

 

 

 

 

 

Weighted average number of common shares outstanding - basic and diluted

 

 

59,327,713

 

 

22,582,687

Net loss per share attributable to common stockholders - basic and diluted

 

$

(0.63)

 

$

(1.47)

 

Included within weighted average common shares outstanding are 16,718,418 common shares issuable upon the exercise of the pre-funded warrants and penny warrants, as the warrants are exercisable at any time for nominal consideration, and as such, the shares are considered outstanding for the purpose of calculating basic and diluted net loss per share attributable to common stockholders.

The Company's potentially dilutive securities include RSUs, stock options and warrants. These securities were excluded from the computations of diluted net loss per share for the years ended December 31, 2020 and 2019, as the effect would be to reduce the net loss per share. The following table includes the potential common shares of common stock, presented based on amounts outstanding at each period end, that were excluded 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:

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

    

2020

    

2019

Restricted stock units to purchase common stock

 

753,106

 

90,500

Options to purchase common stock

 

6,393,853

 

4,024,566

Warrants to purchase common stock

 

35,986,317

 

10,369,752

 

 

43,133,276

 

14,484,818