XML 42 R20.htm IDEA: XBRL DOCUMENT v3.22.0.1
Basic and Diluted Net Loss Per Common Share
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Basic and Diluted Net Loss Per Common Share

Note 13. Basic and Diluted Net Loss Per Common Share

Basic net loss per common share is computed by dividing the net loss by the weighted-average number of common shares outstanding during the period. Diluted net loss per common share is computed using net loss and the weighted-average number of common shares outstanding plus potentially dilutive common shares outstanding during the period. Potentially dilutive common shares include the assumed exercise of outstanding in-the-money stock options and common stock warrants, assumed release of outstanding RSUs, and assumed issuance of common stock under the ESPP using the treasury stock method.

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except share and per share amounts):

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Net loss

 

$

(65,226

)

 

$

(41,280

)

 

$

(25,084

)

Weighted-average common shares outstanding—basic and diluted

 

 

43,886,730

 

 

 

34,374,903

 

 

 

18,011,470

 

Net loss per common share—basic and diluted

 

$

(1.49

)

 

$

(1.20

)

 

$

(1.39

)

 

 

The Company incurred net losses in the periods presented, and as a result, potential common shares from stock options, common stock warrants, RSUs, and the assumed release of outstanding shares under the ESPP were not included in the diluted shares used to calculate net loss per share, as their inclusion would have been anti-dilutive. The following table sets forth the potentially dilutive shares excluded from the computation of diluted net loss per common share because their effect was anti-dilutive:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Common stock warrants

 

 

 

 

 

 

 

 

127,598

 

Options to purchase common stock

 

 

5,423,419

 

 

 

5,369,306

 

 

 

4,731,435

 

Unvested restricted stock units

 

 

1,679,696

 

 

 

619,218

 

 

 

120,000

 

ESPP

 

 

87,367

 

 

 

58,802

 

 

 

75,405

 

Total

 

 

7,190,482

 

 

 

6,047,326

 

 

 

5,054,438