Net Loss Per Share

12 Months Ended

Jan. 31, 2021

12.	NET LOSS PER SHARE

The following table sets forth the computation of the basic and diluted net loss per share in relation to the Class A Common Stock:


	January 31,
	2021			2020
Net Loss	$	(26,127,496	)	$	(53,816,321	)

Basic and diluted shares
Weighted-average Class A Common Stock outstanding		20,719,085			7,495,071

Loss per share for Class A Common Stock
— Basic	$	(1.26	)	$	(7.18	)
— Diluted	$	(1.26	)	$	(7.18	)

The number of shares outstanding underlying the potential dilutive Class A Common Stock at January 31, 2021 and 2020 were summarized as below:


	January 31,
	2021		2020
Convertible Series C Preferred Stock		69,223,658		14,154,064
Common Stock Warrants		3,406,156		—
Stock Options		17,008,770		3,769,196

	89,638,584		17,923,260

The Company had Convertible Notes outstanding as of January 31, 2020, which were subsequently converted to 8,910,926 shares of Class A Common Stock in February 2020 upon the occurrence of a qualified financing event. See Note 8 for further information.

As of January 31, 2021, no Class B Common Stock has been issued, however the Series

C-1

Preferred Stock shares are convertible into the Class B Common Stock in an

eight-to-one

ratio. As of January 31, 2021, 29,502,847 shares of Series

C-1

Preferred Stock were outstanding and have been excluded from the dilutive net loss per share calculation since the effect would be anti-dilutive.