Net Loss Per Share Attributable to Common Stockholders

3 Months Ended

Mar. 31, 2023

Net Loss Per Share Attributable to Common Stockholders

Basic net loss per common share is determined by dividing net loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration of common stock equivalents. Diluted net loss per share is computed by dividing net loss attributable to common stockholders by the weighted-average number of common stock and common stock equivalents outstanding for the period. The treasury stock method is used to determine the dilutive effect of the Company’s stock option grants. For the three months ended March 31, 2023 and 2022, the Company had a net loss attributable to common stockholders, and as such, all outstanding stock options and RSUs were anti-dilutive.

The following table sets forth the computation of basic and diluted earnings per share for the three months ended March 31, 2023 and 2022:


	Three Months Ended March 31,
	2023		2022
Net loss	$	(9,565,077)	$	(15,023,005)
Basic and diluted net loss per common share	$	(0.37)	$	(0.66)
Basic and diluted weighted average common shares outstanding	26,078,451		22,836,781

The following potentially dilutive securities have been excluded from the computation of diluted weighted average common shares outstanding at March 31, 2023 and 2022 as the effect would be anti-dilutive:


	Three Months Ended March 31,
	2023	2022
Stock options	3,769,728	2,942,868
Restricted stock unit	1,535,600	—
Total	5,305,328	2,942,868