Annual report pursuant to Section 13 and 15(d)

NET LOSS PER SHARE

v3.22.1
NET LOSS PER SHARE
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
NET LOSS PER SHARE NET LOSS PER SHAREBasic net loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the year, without consideration for common share equivalents. Diluted net loss per share is computed by dividing net loss by the weighted-average number of common share equivalents outstanding for the year determined using the treasury-stock method. For purposes of this calculation, common share warrants and stock options are considered to be common share equivalents and are only included in the calculation of diluted net loss per share when their effect is dilutive.
The following table sets forth the computation of basic and diluted net loss and the weighted average number of shares used in computing basic and diluted net loss per share:

Year Ended
December 31, 2021 December 31, 2020
Numerator:
Net loss $ (45,726) $ (25,895)
Adjustments to reconcile to net loss available to common stockholders:
Accretion of Class D preferred shares to liquidation preference on automatic conversion   10,219 
Net loss — basic and diluted $ (45,726) $ (36,114)
Denominator:
Weighted-average common shares outstanding - basic and diluted 25,690,096  10,815,580 
Net loss per common share - basic and diluted $ (1.78) $ (3.34)
The Company's potentially dilutive securities, which include common stock warrants, stock options, and unvested restricted stock have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common shareholders is the same.

The Company excluded the following potential common shares, presented based on amounts outstanding at December 31, 2021 and 2020, from the computation of diluted net loss per share attributable to common shareholders because including them would have had an anti-dilutive effect:
December 31, 2021 December 31, 2020
Common stock warrants 17,840,951  17,963,591 
SAMA earnout shares 570,211  1,140,423 
Stock options 784,193  896,888 
Unvested restricted share units 1,576,031  78,634 
Total 20,771,386  20,079,536