Net Loss Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

Schedule of earnings per share

The following is a summary of the basic and diluted net loss per share computation for the periods presented and has been retroactively adjusted to reflect the Reverse Stock Split (see Note 1 — Organization for additional details):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Net loss attributable to common stockholders (in thousands)	$	(12,288)	$	(4,809)	$	(24,362)	$	(15,220)
Basic and diluted weighted average shares outstanding	12,772,176		12,749,456		12,757,376		12,748,674
Basic and diluted net loss per share	$	(0.96)	$	(0.38)	$	(1.91)	$	(1.19)

Schedule of antidilutive securities excluded from computation of earnings per share

The Company had the following weighted-average common share equivalents for the periods indicated, which were excluded from the calculation of diluted net loss per share attributable to stockholders as the effect would have been anti-dilutive. The amounts in the table below have been retroactively adjusted to reflect the Reverse Stock Split (see Note 1 — Organization for additional details):

	Three Months Ended September 30,		Nine Months Ended September 30,
	2020	2019	2020	2019
Unvested restricted shares (1)	5,694	6,110	5,634	6,110
Class A Units (2)	6,285	37	2,135	37
Class B Units (3)	34,173	65,498	54,980	65,498
LTIP Units (4)	43,618	—	14,645	—
Total weighted-average anti-dilutive common share equivalents	89,770	71,645	77,394	71,645

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(1) There were 5,516 and 5,433 unvested restricted shares outstanding as of September 30, 2020 and September 30, 2019, respectively.

(2) Formerly known as OP Units. There were 13,100 and 37 Class A Units outstanding as of September 30, 2020 and September 30, 2019, respectively.

(3) There were 0 and 65,498 Class B Units outstanding as of September 30, 2020 and September 30, 2019, respectively (see Note 7 — Stockholders’ Equity, for additional information).

(4) There were 4,012,841 and 0 LTIP Units outstanding as of September 30, 2020 and September 30, 2019, respectively (see Note 11 — Equity-Based Compensation for additional information).