Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

v3.21.2
Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

 

 

Three months ended June 30, 2021

 

 

Six months ended June 30, 2021

 

 

 

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

 

$

(9,197

)

 

$

(1,942

)

 

$

(17,023

)

 

$

(3,818

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic per share computation

 

 

20,419,479

 

 

 

4,312,500

 

 

 

19,807,202

 

 

 

4,442,118

 

Net loss per share, basic

 

$

(0.45

)

 

$

(0.45

)

 

$

(0.86

)

 

$

(0.86

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of undistributed losses for basic computation

 

$

(9,197

)

 

$

(1,942

)

 

$

(17,023

)

 

$

(3,818

)

Reallocation of undistributed losses as a result of conversion of

     non-voting to voting common shares

 

 

(1,942

)

 

 

 

 

 

(3,818

)

 

 

 

Allocation of undistributed losses

 

$

(11,139

)

 

$

(1,942

)

 

$

(20,841

)

 

$

(3,818

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic per share computation

 

 

20,419,479

 

 

 

4,312,500

 

 

 

19,807,202

 

 

 

4,442,118

 

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

 

 

4,312,500

 

 

 

 

 

 

4,442,118

 

 

 

 

Weighted average number of shares used in diluted per share computation

 

 

24,731,979

 

 

 

4,312,500

 

 

 

24,249,320

 

 

 

4,442,118

 

Net loss per share, diluted

 

$

(0.45

)

 

$

(0.45

)

 

$

(0.86

)

 

$

(0.86

)

 

 

 

 

 

Three months ended June 30, 2020

 

 

Six months ended June 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

 

$

(5,882

)

 

$

(2,270

)

 

$

(11,262

)

 

$

(4,375

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic per share computation

 

 

16,613,118

 

 

 

6,409,519

 

 

 

16,496,453

 

 

 

6,409,519

 

Net loss per share, basic

 

$

(0.35

)

 

$

(0.35

)

 

$

(0.68

)

 

$

(0.68

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of undistributed losses for basic computation

 

$

(5,882

)

 

$

(2,270

)

 

$

(11,262

)

 

$

(4,375

)

Reallocation of undistributed losses as a result of conversion of

     non-voting to voting common shares

 

 

(2,270

)

 

 

 

 

 

(4,375

)

 

 

 

Allocation of undistributed losses

 

$

(8,152

)

 

$

(2,270

)

 

$

(15,637

)

 

$

(4,375

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic per share computation

 

 

16,613,118

 

 

 

6,409,519

 

 

 

16,496,453

 

 

 

6,409,519

 

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

 

 

6,409,519

 

 

 

 

 

 

6,409,519

 

 

 

 

Weighted average number of shares used in diluted per share computation

 

 

23,022,637

 

 

 

6,409,519

 

 

 

22,905,972

 

 

 

6,409,519

 

Net loss per share, diluted

 

$

(0.35

)

 

$

(0.35

)

 

$

(0.68

)

 

$

(0.68

)

 

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 June 30,

 

 

 

2021

 

 

2020

 

Stock options to purchase common stock

 

 

3,948,254

 

 

 

2,817,990

 

Non-vested common stock

 

 

6,324

 

 

 

927,391

 

 

 

 

3,954,578

 

 

 

3,745,381