Net Income Per Share Attributable to Common Stockholders (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Earnings per Share, Basic, by Common Class, Including Two Class Method

The following table sets forth the computation of the Company’s basic and diluted net income per share (in thousands, except share and per share data):


	Three Months Ended March 31,
	2021				2020
	Class A		Class B		Class A		Class B
	(in thousands, except share and per share data)
Numerator:
Net income	$	704	$	4,214	$	—	$	904
Less: Undistributed earnings allocated to participating securities	$	—	$	—	$	—	$	(904)
Reallocation of net income attributable to common stockholders	$	(18)	$	18	$	—	$	—
Net income attributable to common stockholders – basic	$	686	$	4,232	$	—	$	—
Denominator:
Weighted average common shares outstanding – basic	6,853,805		42,255,432		—		10,092,152
Net income per share attributable to common stockholders – basic:	$	0.10	$	0.10	$	—	$	—
Numerator:
Net income attributable to common stockholders - diluted	$	613	$	4,305	$	—	$	—
Denominator:
Weighted average shares outstanding – basic	6,853,805		42,255,432		—		10,092,152
Options to purchase common stock	228,868		7,446,453		—		3,367,216
Warrants to purchase common stock	—		—		—		14,549
Weighted average shares outstanding – diluted	7,082,673		49,701,885		—		13,473,917
Net income per share attributable to common stockholders – diluted	$	0.09	$	0.09	$	—	$	—

Schedule of Earnings per Share, Diluted, by Common Class, Including Two Class Method

The following table sets forth the computation of the Company’s basic and diluted net income per share (in thousands, except share and per share data):


	Three Months Ended March 31,
	2021				2020
	Class A		Class B		Class A		Class B
	(in thousands, except share and per share data)
Numerator:
Net income	$	704	$	4,214	$	—	$	904
Less: Undistributed earnings allocated to participating securities	$	—	$	—	$	—	$	(904)
Reallocation of net income attributable to common stockholders	$	(18)	$	18	$	—	$	—
Net income attributable to common stockholders – basic	$	686	$	4,232	$	—	$	—
Denominator:
Weighted average common shares outstanding – basic	6,853,805		42,255,432		—		10,092,152
Net income per share attributable to common stockholders – basic:	$	0.10	$	0.10	$	—	$	—
Numerator:
Net income attributable to common stockholders - diluted	$	613	$	4,305	$	—	$	—
Denominator:
Weighted average shares outstanding – basic	6,853,805		42,255,432		—		10,092,152
Options to purchase common stock	228,868		7,446,453		—		3,367,216
Warrants to purchase common stock	—		—		—		14,549
Weighted average shares outstanding – diluted	7,082,673		49,701,885		—		13,473,917
Net income per share attributable to common stockholders – diluted	$	0.09	$	0.09	$	—	$	—

Schedule of Antidilutive Securities Excluded from Computation of Earnings per Share

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive:


	Three Months Ended March 31,
	2021		2020
	Class A	Class B	Class A	Class B
Options to purchase common stock	446,845	—	—	2,663,224
Common stock issuable upon conversion of convertible preferred stock	—	—	—	33,443,969
Total excludable from net income per share attributable to common stockholders – diluted	446,845	—	—	36,107,193