SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Computation of Basic and Diluted Net Earnings (loss) Per Common Share

The following table sets forth the computation of basic and diluted net earnings (loss) per common share (in thousands, except share and per share data):


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Net income (loss)	$	(13,119)	$	10,711	$	(31,400)	$	(7,581)
Allocation of earnings to participating securities	—		(1,892)		—		—

Numerator for basic net earnings (loss) per share - net income (loss) attributable to common stockholders	$	(13,119)	$	8,819	$	(31,400)	$	(7,581)

Effect of participating securities:
Add back allocation of earnings to participating securities	—		1,892		—		—
Numerator for diluted net earnings (loss) per share - net income (loss) attributable to common stockholders after assumed conversions	$	(13,119)	$	10,711	$	(31,400)	$	(7,581)

Denominator:
Denominator for basic net earnings (loss) per share - common shares outstanding	69,133,700		48,677,008		68,638,651		47,826,812
Effect of dilutive securities:
Series X Convertible Preferred Stock, as converted	—		10,442,780		—		—
Common stock options, RSUs, PRSUs, and ESPP	—		203,432		—		—
Denominator for diluted net earnings (loss) per share - adjusted weighted average shares outstanding	69,133,700		59,323,220		68,638,651		47,826,812

Basic net earnings (loss) per common share	$	(0.19)	$	0.18	$	(0.46)	$	(0.16)
Diluted net earnings (loss) per common share	$	(0.19)	$	0.18	$	(0.46)	$	(0.16)

Summary of Outstanding Potentially Dilutive Securities Excluded from Calculation of Diluted Net Earnings (Loss) Per Share

The following table sets forth the outstanding potentially dilutive securities that have been excluded in the calculation of diluted net earnings (loss) per share because doing so would be anti-dilutive (in common stock equivalent shares):


	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Common stock warrants	12,517,328	12,517,328	12,517,328	12,517,328
Series X Convertible Preferred Stock	18,184,720	—	18,184,720	10,442,780
Common stock options, RSUs and PRSUs issued and outstanding	11,025,711	8,736,943	11,025,711	8,926,448
Total	41,727,759	21,254,271	41,727,759	31,886,556