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Net Loss Per Share
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share

4. Net Loss Per Share

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

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(2,750,362

)

 

$

(3,510,561

)

 

$

(5,594,358

)

 

$

(5,567,768

)

 

Less: cumulative preferred dividends earned in the period

 

 

(482,662

)

 

 

 

 

 

(960,020

)

 

$

 

 

Net loss available for distribution to common stock holders

 

$

(3,233,024

)

 

$

(3,510,561

)

 

$

(6,554,378

)

 

$

(5,567,768

)

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

4,921,121

 

 

 

35,814,482

 

 

 

4,880,496

 

 

 

35,796,257

 

 

Net loss per share, basic and diluted

 

$

(0.66

)

 

$

(0.10

)

 

$

(1.34

)

 

$

(0.16

)

 

 

The following table summarizes the outstanding potentially dilutive securities that have been excluded in the calculation of diluted net loss per share because their inclusion would be anti-dilutive:

 

 

 

At June 30,

 

 

 

2021

 

 

2022

 

Redeemable Preferred Stock

 

 

23,768,416

 

 

 

 

Common stock options

 

 

579,858

 

 

 

1,924,317

 

Potentially diluted securities

 

 

24,348,274

 

 

 

1,924,317