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Net Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2021
Net Loss Per Share  
Schedule of calculation of basic and diluted net loss per share

As the Company uses the two-class method required for companies with multiple classes of the common stock, the following table presents the calculation of basic and diluted net loss per share for each class the Company’s common stock (in thousands, except share and per share amounts):

Three months ended March 31,  2021

Total

    

Class A

    

Class B

    

Common Stock

Numerator:

  

  

 

  

Allocation of undistributed earnings

$

(598)

$

(92)

$

(690)

Numerator for basic and dilutive EPS – loss available to common stockholders

$

(598)

$

(92)

$

(690)

Denominator:

 

  

 

  

 

  

Weighted-average common shares outstanding

 

91,822,338

 

14,094,368

 

105,916,706

Denominator for basic and dilutive EPS – weighted-average common stock

 

91,822,338

 

14,094,368

 

105,916,706

Basic and dilutive loss per share

$

(0.01)

$

(0.01)

$

(0.01)

Three months ended March 31,  2020

Total

    

Class A

    

Class B

    

Common Stock

Numerator:

  

  

 

  

Allocation of undistributed earnings

$

(24,354)

$

$

(24,354)

Numerator for basic and dilutive EPS – loss available to common stockholders

$

(24,354)

$

$

(24,354)

Denominator:

 

  

 

  

 

  

Weighted-average common shares outstanding

 

5,979,232

 

 

5,979,232

Denominator for basic and dilutive EPS – weighted-average common stock

 

5,979,232

 

 

5,979,232

Basic and dilutive loss per share

$

(4.07)

$

$

(4.07)

Schedule of anti-dilutive common equivalent shares

Three months ended March 31, 

    

2021

    

2020

    

Outstanding options to purchase common stock

21,979,733

 

18,248,540

Outstanding restricted stock units

3,442,557

Outstanding warrants

20,653,333

 

Outstanding convertible preferred stock (Series A through D)

 

107,197,118

Total anti-dilutive common equivalent shares

46,075,623

 

125,445,658