Net Loss Per Share

3 Months Ended

Mar. 31, 2023

8. Net Loss Per Share

Basic and diluted net loss per common share was calculated as follows (in thousands, except share and per share amounts):


	Three Months Ended March 31,
	2023			2022
Numerator:
Net loss	$	(38,587	)	$	(30,634	)
Net loss attributable to common stockholders	$	(38,587	)	$	(30,634	)
Denominator:
Weighted average common shares outstanding, basic and diluted		70,734,950			45,105,923
Net loss per common share, basic and diluted	$	(0.55	)	$	(0.68	)

The Company’s potential dilutive securities have been excluded from the computation of diluted net loss per share as the effect would be anti-dilutive and would result in a reduction to net loss per share. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to common stockholders for the periods indicated above because including them would have had an anti-dilutive effect:


	March 31,
	2023		2022
Stock options to purchase common stock		15,503,250		12,101,396
Series A Preferred Stock		19,262,500		23,833,500
		34,765,750		35,934,896

In accordance with ASC Topic 260, Earnings Per Share, the outstanding pre-funded warrants are included in the computation of basic and diluted net loss per share because the exercise price is negligible ($0.01 per share) and they are fully vested and exercisable at any time after the original issuance date.