Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share (Tables)

v3.22.0.1
Net Loss Per Share (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

 

 

 

Year ended December 31, 2021

 

 

 

Voting common stock

 

 

Non-voting common stock

 

Basic net loss per share:

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

Allocation of undistributed losses attributable to common stockholders

 

$

(38,417

)

 

$

(7,872

)

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic per share computation

 

 

21,360,544

 

 

 

4,376,776

 

Net loss per share, basic

 

$

(1.80

)

 

$

(1.80

)

 

 

 

 

 

 

 

 

 

Diluted net loss per share:

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

Allocation of undistributed losses for basic computation

 

$

(38,417

)

 

$

(7,872

)

Reallocation of undistributed losses as a result of conversion of

     non-voting to voting common shares

 

 

(7,872

)

 

 

 

Allocation of undistributed losses

 

$

(46,289

)

 

$

(7,872

)

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic per share computation

 

 

21,360,544

 

 

 

4,376,776

 

Add: Conversion of non-voting to voting common shares outstanding

 

 

4,376,776

 

 

 

 

Weighted average number of shares used in diluted per share computation

 

 

25,737,320

 

 

 

4,376,776

 

Net loss per share, diluted

 

$

(1.80

)

 

$

(1.80

)

 

 

 

 

Year ended December 31, 2020

 

 

 

Voting common stock

 

 

Non-voting common stock

 

Basic net loss per share:

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

Allocation of undistributed losses attributable to common stockholders

 

$

(25,090

)

 

$

(8,249

)

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic per share computation

 

 

17,417,900

 

 

 

5,727,327

 

Net loss per share, basic

 

$

(1.44

)

 

$

(1.44

)

 

 

 

 

 

 

 

 

 

Diluted net loss per share:

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

Allocation of undistributed losses for basic computation

 

$

(25,090

)

 

$

(8,249

)

Reallocation of undistributed losses as a result of conversion of

     non-voting to voting common shares

 

 

(8,249

)

 

 

 

Allocation of undistributed losses

 

$

(33,339

)

 

$

(8,249

)

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic per share computation

 

 

17,417,900

 

 

 

5,727,327

 

Add: Conversion of non-voting to voting common shares outstanding

 

 

5,727,327

 

 

 

 

Weighted average number of shares used in diluted per share computation

 

 

23,145,227

 

 

 

5,727,327

 

Net loss per share, diluted

 

$

(1.44

)

 

$

(1.44

)

 

Schedule of Antidilutive Shares Excluded from Calculation of Diluted Net Loss Per Share

The following outstanding potentially dilutive shares have been excluded from the calculation of diluted net loss per share, as their effect is anti-dilutive:

 

 

For the Year Ended December 31,

 

 

 

2021

 

 

2020

 

Stock options to purchase common stock

 

 

4,257,213

 

 

 

2,900,479

 

Non-vested founder stock

 

 

 

 

 

465,801

 

Total

 

 

4,257,213

 

 

 

3,366,280