Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

v3.23.1
Net Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Schdeule of computation of net loss per common share

The following table sets forth the computation of net loss per share of Class A Common Stock for the three months ended March 31, 2023 and 2022:

 

 

Three Months Ended March 31,

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

Net loss

 

(9,217

)

 

 

(9,978

)

Accrual of dividends on preferred stock

 

(1,977

)

 

 

(1,028

)

Net loss attributable to common shareholders

$

(11,194

)

 

$

(11,006

)

 

 

 

 

 

Denominator:

 

 

 

 

 

Weighted-average common shares outstanding - basic and diluted(1)

 

8,652,218

 

 

 

7,691,243

 

Net loss per share attributable to common stockholders - basic and diluted(1)

$

(1.29

)

 

$

(1.43

)

 

(1)
Prior period results have been adjusted to reflect the Reverse Stock Split at a ratio of 1-for-30 that became effective April 24, 2023. See Note 1, “Description of Business and Basis of Presentation,” for details.
Schdeule of potential common shares

The following potential common shares have been excluded from the computation of diluted net loss per share for the three months ended March 31, 2023 and 2022:

 

 

Three Months Ended

 

 

March 31,

 

 

2023

 

 

2022

 

Conversion of convertible preferred stock(1)

 

856,720

 

 

 

956,464

 

Warrants to purchase common stock and redeemable convertible preferred stock(1)

 

853,330

 

 

 

853,330

 

PSUs, RSUs and options to purchase common stock(1)

 

2,638,264

 

 

 

2,173,120

 

Right to receive earnout shares(1)

 

583,333

 

 

 

583,333

 

Total common stock equivalents

 

4,931,647

 

 

 

4,566,247

 

 

(1)
Prior period results have been adjusted to reflect the Reverse Stock Split at a ratio of 1-for-30 that became effective April 24, 2023. See Note 1, “Description of Business and Basis of Presentation,” for details.