Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

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

 

 

Three months ended September 30, 2021

 

 

Nine months ended September 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

 

$

(9,631

)

 

$

(1,929

)

 

$

(26,651

)

 

$

(5,750

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic per share computation

 

 

21,534,342

 

 

 

4,312,500

 

 

 

20,389,242

 

 

 

4,398,437

 

Net loss per share, basic

 

$

(0.45

)

 

$

(0.45

)

 

$

(1.31

)

 

$

(1.31

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of undistributed losses for basic computation

 

$

(9,631

)

 

$

(1,929

)

 

$

(26,651

)

 

$

(5,750

)

Reallocation of undistributed losses as a result of conversion of non-voting to voting common shares

 

 

(1,929

)

 

 

 

 

 

(5,750

)

 

 

 

Allocation of undistributed losses

 

$

(11,560

)

 

$

(1,929

)

 

$

(32,401

)

 

$

(5,750

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic per share computation

 

 

21,534,342

 

 

 

4,312,500

 

 

 

20,389,242

 

 

 

4,398,437

 

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

 

 

4,312,500

 

 

 

 

 

 

4,398,437

 

 

 

 

Weighted average number of shares used in diluted per share computation

 

 

25,846,842

 

 

 

4,312,500

 

 

 

24,787,679

 

 

 

4,398,437

 

Net loss per share, diluted

 

$

(0.45

)

 

$

(0.45

)

 

$

(1.31

)

 

$

(1.31

)

 

 

 

 

 

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

)

 

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,

 

 

 

2021

 

 

2020

 

Stock options to purchase common stock

 

 

4,038,981

 

 

 

2,889,045

 

Non-vested common stock

 

 

2,110

 

 

 

696,595

 

 

 

 

4,041,091

 

 

 

3,585,640