Quarterly report pursuant to Section 13 or 15(d)

NET (LOSS) INCOME PER SHARE

v3.22.2.2
NET (LOSS) INCOME PER SHARE
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
NET (LOSS) INCOME PER SHARE NET (LOSS) INCOME PER SHARE
Basic 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 income 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:

Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Numerator:
Net (loss) Income $ (20,163) $ 995  $ (37,349) $ (21,726)
Denominator:
Weighted-average common shares outstanding - basic and diluted 42,222,564  25,755,972  36,633,222  25,466,404 
Net (loss) income per common share- basic and diluted $ (0.48) $ 0.04  $ (1.02) $ (0.85)

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 as of September 30, 2022 and 2021, from the computation of diluted net loss per share attributable to common shareholders because including them would have had an anti-dilutive effect:

September 30, 2022 September 30, 2021
Common stock warrants 17,840,951  17,840,951 
SAMA earnout shares 570,211  570,211 
Stock options 435,894  792,646 
Unvested restricted share units 2,313,827  1,846,670 
Total 21,160,883  21,050,478