Net Loss Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Earnings Per Share, Basic and Diluted

The following is a summary of the basic and diluted net loss per share computation for the periods presented:


	Three Months Ended September 30,					Nine Months Ended September 30,
(In thousands, except share and per share data)	2023		2022			2023		2022
Net loss attributable to common stockholders (in thousands)	$	(9,390)	$	(11,074)		$	(32,047)	$	(35,787)
Adjustments to net loss attributable to common stockholders	—		—			—		(80)
Adjusted net loss attributable to common stockholders	$	(9,390)	$	(11,074)		$	(32,047)	$	(35,867)
Weighted average shares outstanding — Basic and Diluted	2,288,683		1,728,540		(1)	2,205,702		1,690,311		(1)
Net loss per share attributable to common stockholders — Basic and Diluted	$	(4.10)	$	(6.40)	(1)	$	(14.53)	$	(21.22)	(1)

(1) Retroactively adjusted for the effects of the Reverse Stock Split (see Note 1).

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table shows common share equivalents on a weighted average basis that were excluded from the calculation of diluted earnings per share as their effect would have been antidilutive for the periods presented.


	Three Months Ended September 30,		Nine Months Ended September 30,
	2023	2022	2023	2022
Unvested restricted shares (1)	34,889	19,368	23,851	12,194

LTIP Units (2)	261,707	501,605	420,760	501,605
Total weighted-average anti-dilutive common share equivalents	296,596	520,973	444,611	513,799

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(1) There were 35,518 and 18,134 unvested restricted shares outstanding as of September 30, 2023 and 2022, respectively (adjusted for the Reverse Stock Split).

(2) There were no LTIP units outstanding as of September 30, 2023 and there were 501,605 LTIP Units outstanding (adjusted for the Reverse Stock Split) as of September 30, 2022 (see Note 11 — Equity-Based Compensation for additional information).