Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

v3.20.2
Net Loss Per Share (Tables)
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

 

 

Three months ended

September 30, 2020

 

 

Nine months ended

September 30, 2020

 

 

 

Voting common stock

 

 

Non-voting common stock

 

 

Voting common stock

 

 

Non-voting common stock

 

Basic net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of undistributed losses attributable to common stockholders

 

$

(6,434

)

 

$

(1,959

)

 

$

(18,393

)

 

$

(5,637

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic per share computation

 

 

17,828,169

 

 

 

5,429,486

 

 

 

16,943,599

 

 

 

5,193,114

 

Net loss per share, basic

 

$

(0.36

)

 

$

(0.36

)

 

$

(1.09

)

 

$

(1.09

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of undistributed losses for basic computation

 

$

(6,434

)

 

$

(1,959

)

 

$

(18,393

)

 

$

(5,637

)

Reallocation of undistributed losses as a result of conversion of

     non-voting to voting common shares

 

 

(1,959

)

 

 

 

 

 

(5,637

)

 

 

 

Allocation of undistributed losses

 

$

(8,393

)

 

$

(1,959

)

 

$

(24,030

)

 

$

(5,637

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic per share computation

 

 

17,828,169

 

 

 

5,429,486

 

 

 

16,943,599

 

 

 

5,193,114

 

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

 

 

5,429,486

 

 

 

 

 

 

5,193,114

 

 

 

 

Weighted average number of shares used in diluted per share computation

 

 

23,257,655

 

 

 

5,429,486

 

 

 

22,136,713

 

 

 

5,193,114

 

Net loss per share, diluted

 

$

(0.36

)

 

$

(0.36

)

 

$

(1.09

)

 

$

(1.09

)

 

For the three and nine months ended September 30, 2019, basic and diluted net loss per share is:

 

 

 

Three months ended

September 30, 2019

 

 

Nine months ended

September 30, 2019

 

Basic and diluted net loss per share:

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

Net loss attributable to common stockholders

 

$

(4,650

)

 

$

(16,866

)

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic and

     diluted per share computation

 

 

2,142,958

 

 

 

1,806,494

 

Net loss per share, diluted

 

$

(2.17

)

 

$

(9.34

)

 

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:

 

 

As of September 30,

 

 

 

2020

 

 

2019

 

Convertible preferred stock

 

 

 

 

 

19,356,835

 

Stock options to purchase common stock

 

 

2,889,045

 

 

 

1,942,411

 

Non-vested common stock

 

 

696,595

 

 

 

1,619,772

 

 

 

 

3,585,640

 

 

 

22,919,018