Loss per Share (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Earnings Per Share, Basic and Diluted

Basic and diluted loss per share (“EPS”) were as follows:


	Year Ended December 31,
$ in thousands, except share and per share data	2023		2022
Numerator:
Net loss	$	(129,598)	$	(142,000)
Denominator:
Weighted-average common shares outstanding	5,754,037		5,390,012
Weighted-average impact of warrants (1)	68,352		43,900
Denominator for basic EPS – weighted-average shares	5,822,389		5,433,912
Effect of dilutive securities	—		—
Denominator for diluted EPS – weighted-average shares	5,822,389		5,433,912

EPS – Basic and Diluted	$	(22.26)	$	(26.13)

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(1)Warrants that have a $0.35 exercise price per common share are assumed to be exercised when vested because common shares issued for little consideration upon exercise are included in outstanding shares for the purposes of computing basic and diluted EPS.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities were excluded from the calculation of loss per share as their impact would be anti-dilutive:


	Year Ended December 31,
	2023	2022
Stock options	204,394	891,509
Shares issuable under the employee stock purchase plan	11,371	17,145
Unvested restricted stock units	339,287	327,141
Restricted shares issued upon the early exercise of unvested stock options	—	1,733
Unvested warrants	59,540	68,556
Vested warrants	244,762	244,762