XML 85 R35.htm IDEA: XBRL DOCUMENT v3.24.1
Net Loss per Share (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Computation of Diluted Net Loss per Share

The following common stock equivalents have been excluded from the calculation of diluted net loss per share because their effect would be anti-dilutive:

 

 

Year Ended December 31,

 

 

2023

 

 

2022

 

Legacy Korro Series Seed Preferred Stock

 

 

 

 

 

684,739

 

Legacy Korro Series A Preferred Stock

 

 

 

 

 

2,029,666

 

Legacy Korro Series B-1 Preferred Stock

 

 

 

 

 

1,104,178

 

Legacy Korro Series B-2 Preferred Stock

 

 

 

 

 

223,417

 

Unvested Legacy Korro restricted common stock

 

 

 

 

 

2,902

 

Outstanding Legacy Korro stock options

 

 

1,323,151

 

 

 

461,100

 

Outstanding Legacy Korro warrant

 

 

8,049

 

 

 

8,049

 

Total

 

 

1,331,200

 

 

 

4,514,051

 

Schedule of Basic and Diluted Net Loss per Share

Basic and diluted loss per share is computed by dividing net loss by the weighted-average common shares outstanding. The following table sets forth the computation of the Company's basic and diluted net loss per share (in thousands, except share and per share data):

 

 

Years Ended December 31,

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(81,172

)

 

$

(58,032

)

Denominator:

 

 

 

 

 

 

Weighted-average number of shares outstanding, basic and diluted

 

 

1,529,321

 

 

 

255,175

 

Net loss per share, basic and diluted

 

$

(53.08

)

 

$

(227.42

)