Basic and Diluted 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):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2021 |
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2020 |
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2021 |
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2020 |
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Numerator: |
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Net loss |
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$ |
(6,643 |
) |
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$ |
(2,339 |
) |
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$ |
(16,364 |
) |
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$ |
(5,651 |
) |
Denominator: |
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Weighted average common shares outstanding |
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10,621,868 |
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3,052,395 |
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5,984,285 |
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2,927,056 |
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Less: weighted average unvested founder shares of common stock |
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(673,607 |
) |
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(1,227,301 |
) |
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(785,036 |
) |
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(1,345,303 |
) |
Less: weighted average unvested common stock issued upon early exercise of common stock options |
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(784,258 |
) |
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(230,221 |
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(694,252 |
) |
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(106,487 |
) |
Weighted average shares used to compute net loss per common share, basic and diluted |
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9,164,003 |
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1,594,873 |
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4,504,997 |
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1,475,266 |
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Net loss per share, basic and diluted |
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$ |
(0.72 |
) |
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$ |
(1.47 |
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$ |
(3.63 |
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$ |
(3.83 |
) |
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Potentially Dilutive Securities Including All Outstanding Stock Options were excluded in Calculation of Diluted Shares Outstanding |
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.
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As of September 30, |
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2021 |
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2020 |
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Convertible preferred stock |
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— |
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2,848,486 |
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Unvested restricted common stock subject to repurchase |
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619,069 |
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1,135,078 |
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Unvested common stock upon early exercise of stock options |
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749,476 |
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230,222 |
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Options to purchase common stock |
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2,586,313 |
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930,926 |
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3,954,858 |
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5,144,712 |
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