XML 55 R37.htm IDEA: XBRL DOCUMENT v3.24.1
Net Loss Per Share (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
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 and has been retroactively adjusted to reflect the Reverse Stock Split (see Note 1 — Organization for additional details):
Year Ended December 31,
(In thousands, except share and per share data)
202320222021
Net loss and Net loss attributable to common stockholders $(105,924)$(45,896)$(39,466)
Adjustments to net loss attributable to common stockholders — (80)(160)
Adjusted net loss and net loss attributable to common stockholders$(105,924)$(45,976)$(39,626)
Basic and diluted weighted average shares outstanding
2,226,721 1,729,264 1,622,896 
Basic and diluted net loss per share
$(47.57)$(26.59)$(24.42)
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 and has been retroactively adjusted to reflect the Reverse Stock Split (see Note 1 — Organization for additional details).
Year Ended December 31,
202320222021
Unvested restricted shares (1)
29,105 13,691 2,216 
Class A Units (2)
— — 660 
LTIP Units (3)
314,706 501,605 501,605 
Total weighted-average anti-dilutive common share equivalents343,811 515,296 504,481 
__________
(1)There were 36,198, 18,134, and 3,147 unvested restricted shares (adjusted for the Reverse Stock Split) outstanding as of December 31, 2023, 2022 and 2021, respectively.
(2) Formerly known as OP Units. As of December 31, 2023, 2022 and 2021 there were no Class A Units outstanding.
(3)There were zero, 501,605 and 501,605 LTIP Units outstanding (adjusted for the Reverse Stock Split) as of December 31, 2023, 2022 and 2021, respectively (see Note 11 — Equity-Based Compensation for additional information).