XML 35 R21.htm IDEA: XBRL DOCUMENT v3.21.2
Net Loss Per Share
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Net Loss Per Share

13. Net Loss per Share

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

 

 

Three Months
Ended
June 30,

 

 

Six Months
Ended
June 30,

 

 

Period from
June 3, 2020
(Inception) to
June 30,

 

 

 

2021

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss attributable to common stockholders

 

$

(44,673

)

 

$

(83,373

)

 

$

(98

)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding, basic and diluted

 

 

249,769

 

 

 

125,574

 

 

 

21,250,000

 

Net loss per share attributable to common stockholders, basic and diluted

 

$

(0.18

)

 

$

(0.66

)

 

$

 

Shares of unvested restricted common stock are not considered outstanding for accounting purposes until vested and were excluded from the calculations of basic net loss per share attributable to common stockholders for all periods presented.

The Company’s potential dilutive securities 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 common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. 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, because including them would have had an anti-dilutive effect:

 

 

Three and Six Months
Ended
June 30,

 

 

Period from
June 3, 2020
(Inception) to
June 30,

 

 

 

2021

 

 

2020

 

Convertible preferred stock (as converted to common stock)

 

 

84,722,420

 

 

 

 

Stock options to purchase common stock

 

 

14,931,630

 

 

 

 

Unvested restricted common stock

 

 

4,194,930

 

 

 

5,593,240

 

 

 

 

103,848,980

 

 

 

5,593,240