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Net Loss Per Share
12 Months Ended
Dec. 31, 2021
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, 2021 and 2020 was calculated as follows:

Year Ended December 31, 

    

2021

    

2020

Numerator:

 

Net loss

$

(40,587)

$

(27,514)

Dividend attributable to down round feature of warrants

 

 

(303)

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

$

(40,587)

$

(37,588)

Denominator:

Weighted average number of common shares outstanding - basic and diluted

 

85,825,283

 

59,327,713

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

$

(0.47)

$

(0.63)

Included within weighted average common shares outstanding are 24,930,483 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, 2021 and 2020, 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, 

    

2021

    

2020

Restricted stock units to purchase common stock

 

935,606

753,106

Options to purchase common stock

8,525,618

6,393,853

Warrants to purchase common stock

35,455,674

35,986,317

 

44,916,898

43,133,276