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Net Loss Per Share
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Net Loss Per Share

8. Net Loss Per Share

The following table sets forth the computation of the basic and diluted net loss per share (in thousands, except share and per share amounts):

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(6,643

)

 

$

(2,339

)

 

$

(16,364

)

 

$

(5,651

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

10,621,868

 

 

 

3,052,395

 

 

 

5,984,285

 

 

 

2,927,056

 

Less: weighted average unvested founder shares of
   common stock

 

 

(673,607

)

 

 

(1,227,301

)

 

 

(785,036

)

 

 

(1,345,303

)

Less: weighted average unvested common stock
   issued upon early exercise of common stock
   options

 

 

(784,258

)

 

 

(230,221

)

 

 

(694,252

)

 

 

(106,487

)

Weighted average shares used to compute net loss per
   common share, basic and diluted

 

 

9,164,003

 

 

 

1,594,873

 

 

 

4,504,997

 

 

 

1,475,266

 

Net loss per share, basic and diluted

 

$

(0.72

)

 

$

(1.47

)

 

$

(3.63

)

 

$

(3.83

)

 

The following table sets forth 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.

 

 

 

As of September 30,

 

 

 

2021

 

 

2020

 

Convertible preferred stock

 

 

 

 

 

2,848,486

 

Unvested restricted common stock subject to repurchase

 

 

619,069

 

 

 

1,135,078

 

Unvested common stock upon early exercise of stock
   options

 

 

749,476

 

 

 

230,222

 

Options to purchase common stock

 

 

2,586,313

 

 

 

930,926

 

 

 

 

3,954,858

 

 

 

5,144,712