Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.22.2.2
Net Loss Per Share
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share Net Loss Per Share
Net loss per share is computed by dividing net loss by the weighted average number of common stock outstanding during the period. In computing net loss per share, the Company’s unvested restricted common stock and warrants are not considered participating securities. Diluted loss per common share is the same as basic loss per common share for all periods presented because the effects of potentially dilutive items were anti-dilutive given the Company’s net loss. Diluted net loss per common share adjusts basic net loss per share attributable to ordinary shareholders to give effect to all potential ordinary shares that were dilutive and outstanding during the period. For the three and six months ended June 30, 2022 and 2021, no instrument was determined to have a dilutive effect under the treasury method.

The following table sets forth the computation of the Company’s net loss per share attributable to stockholders (in thousands, except share and per share data):
 
  Three Months Ended June 30, Six Months Ended June 30,
  2022 2021 2022 2021
Net loss
$ (31,663) $ (7,590) $ (57,435) $ (16,988)
Weighted average common stock outstanding, basic and diluted
88,607,316  49,131,555  84,830,885  49,131,555 
Net loss per common share, basic and diluted
$ (0.36) $ (0.15) $ (0.68) $ (0.35)

The following table presents the shares outstanding that could potentially dilute basic net loss per share in the future that were not included in the computation of diluted net loss per share as the impact would be anti-dilutive:

  Three Months Ended June 30, Six Months Ended June 30,
  2022 2021 2022 2021
CIC Restricted Stock
5,270,769  11,031,294  5,332,835  10,347,458 
Convertible Notes —  2,824,167  —  1,699,657 
Warrants 11,539,296  297,450  11,539,301  164,337