Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

v3.22.1
Net Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

 

 

Three months ended March 31, 2022

 

 

 

Voting common stock

 

 

Non-voting common stock

 

Basic net loss per share:

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

Allocation of undistributed losses attributable to common stockholders

 

$

(11,110

)

 

$

(1,836

)

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic per share computation

 

 

24,848,517

 

 

 

4,108,056

 

Net loss per share, basic

 

$

(0.45

)

 

$

(0.45

)

 

 

 

 

 

 

 

 

 

Diluted net loss per share:

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

Allocation of undistributed losses for basic computation

 

$

(11,110

)

 

$

(1,836

)

Reallocation of undistributed losses as a result of conversion of

     non-voting to voting common shares

 

 

(1,836

)

 

 

 

Allocation of undistributed losses

 

$

(12,946

)

 

$

(1,836

)

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic per share computation

 

 

24,848,517

 

 

 

4,108,056

 

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

 

 

4,108,056

 

 

 

 

Weighted average number of shares used in diluted per share computation

 

 

28,956,573

 

 

 

4,108,056

 

Net loss per share, diluted

 

$

(0.45

)

 

$

(0.45

)

 

 

 

 

 

Three months ended March 31, 2021

 

 

 

Voting common stock

 

 

Non-voting common stock

 

Basic net loss per share:

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

Allocation of undistributed losses attributable to common stockholders

 

$

(7,834

)

 

$

(1,868

)

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic per share computation

 

 

19,188,122

 

 

 

4,573,176

 

Net loss per share, basic

 

$

(0.41

)

 

$

(0.41

)

 

 

 

 

 

 

 

 

 

Diluted net loss per share:

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

Allocation of undistributed losses for basic computation

 

$

(7,834

)

 

$

(1,868

)

Reallocation of undistributed losses as a result of conversion of

     non-voting to voting common shares

 

 

(1,868

)

 

 

 

Allocation of undistributed losses

 

$

(9,702

)

 

$

(1,868

)

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic per share computation

 

 

19,188,122

 

 

 

4,573,176

 

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

 

 

4,573,176

 

 

 

 

Weighted average number of shares used in diluted per share computation

 

 

23,761,298

 

 

 

4,573,176

 

Net loss per share, diluted

 

$

(0.41

)

 

$

(0.41

)

 

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 March 31,

 

 

 

2022

 

 

2021

 

Stock options to purchase common stock

 

 

6,086,413

 

 

 

4,003,489

 

Non-vested common stock

 

 

 

 

 

235,007

 

 

 

 

6,086,413

 

 

 

4,238,496