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Net loss per share
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Net loss per share

14.

Net loss per share

The following table summarizes the computation of basic and diluted net loss per share of the Company:

 

 

 

Three Months Ended

 

 

 

Nine Months Ended

 

 

 

September 30,

 

 

 

September 30,

 

 

 

2021

 

 

2020

 

 

 

2021

 

 

2020

 

Net loss

 

$

(33,124

)

 

$

(33,297

)

 

 

$

(90,618

)

 

$

(74,123

)

Weighted average common stock outstanding,

    basic and diluted

 

 

42,399,984

 

 

 

3,027,825

 

 

 

 

39,151,095

 

 

 

2,829,160

 

Net loss per share - basic and diluted

 

$

(0.78

)

 

$

(11.00

)

 

 

$

(2.31

)

 

$

(26.20

)

 

The Company’s potentially dilutive securities, which include redeemable convertible preferred stock, a forward contract to issue preferred stock, options to purchase common stock and unvested restricted stock, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of shares of Common Stock outstanding used to calculate both basic and diluted net loss per share is the same. The Company excluded the following potential shares of Common Stock, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:

 

 

 

Three Months Ended

 

 

 

Nine Months Ended

 

 

 

September 30,

 

 

 

September 30,

 

 

 

2021

 

 

2020

 

 

 

2021

 

 

2020

 

Convertible preferred stock

 

 

-

 

 

 

19,201,429

 

 

 

 

-

 

 

 

19,201,429

 

Forward contract to issue redeemable

   convertible preferred stock

 

 

-

 

 

 

3,569,630

 

 

 

 

-

 

 

 

3,569,630

 

Options to purchase common stock

 

 

5,618,700

 

 

 

2,586,195

 

 

 

 

5,618,700

 

 

 

2,586,195

 

Unvested restricted stock

 

 

156,837

 

 

 

513,078

 

 

 

 

156,837

 

 

 

513,078

 

Warrants to purchase preferred stock

 

 

-

 

 

 

83,149

 

 

 

 

-

 

 

 

83,149

 

 

 

 

5,775,537

 

 

 

25,953,481

 

 

 

 

5,775,537

 

 

 

25,953,481