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Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2023

Summary of operating revenues

Below is detail of operating revenues (in thousands):


		For the Three Months Ended								For the Nine Months Ended
		September 30,								September 30,
		2023				2022				2023				2022
Service based revenue, net
Processing fees, net		$	39,166			$	29,793			$	108,153			$	74,624
Tips			14,548				17,496				41,447				45,991
Subscriptions			5,119				5,192				16,150				13,691
Other			346				314				990				748
Transaction based revenue, net			6,632				4,012				19,234				10,109
Total		$	65,811			$	56,807			$	185,974			$	145,163

Schedule of Earnings Per Share Basic And Diluted

The following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to holders of common stock (in thousands, except share data):


		For the Three Months Ended September 30,						For the Nine Months Ended September 30,
			2023			2022			2023			2022
Numerator
Net loss		$	(12,053	)	$	(47,504	)	$	(48,696	)	$	(107,414	)
Less: noncumulative dividend to convertible preferred stockholders			-			-			-			-
Less: undistributed earnings to participating securities			-			-			-			-
Net loss attributed to common stockholders—basic			(12,053	)		(47,504	)		(48,696	)		(107,414	)
Add: undistributed earnings reallocated to common stockholders			-			-			-			-
Net loss attributed to common stockholders—diluted		$	(12,053	)	$	(47,504	)	$	(48,696	)	$	(107,414	)

Denominator
Weighted-average shares of common stock—basic			11,960,078			11,702,147			11,887,199			11,525,164
Dilutive effect of convertible preferred stock			-			-			-			-
Dilutive effect of equity incentive awards			-			-			-			-
Weighted-average shares of common stock—diluted			11,960,078			11,702,147			11,887,199			11,525,164

Net loss per share
Basic		$	(1.01	)	$	(4.06	)	$	(4.10	)	$	(9.32	)
Diluted		$	(1.01	)	$	(4.06	)	$	(4.10	)	$	(9.32	)

Summary of computation of diluted net loss (income) per share

The following potentially dilutive shares were excluded from the computation of diluted net loss per share for the periods presented because including them would have been antidilutive:


		For the Three Months Ended September 30,						For the Nine Months Ended September 30,
			2023			2022			2023			2022
Equity incentive awards			2,408,298			1,493,939			2,408,298			1,493,939
Convertible debt			312,500			312,500			312,500			312,500
Total			2,720,798			1,806,439			2,720,798			1,806,439