Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

v3.23.3
Net Loss Per Share (Tables)
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Net Loss Per Share, Basic and Diluted
The following table sets forth the computation of the Company's net loss per share attributable to common stockholders:
 
  Three Months Ended September 30, Nine Months Ended
September 30,
(in thousands, except share and per share data)(1)
  2023 2022 2023 2022
Net loss
 $ (24,258) $ (27,104) $ (58,461) $ (84,539)
Weighted average common stock outstanding, basic and diluted
 8,019,561  6,865,001  7,893,665  6,639,879 
Net loss per common share, basic and diluted
 $ (3.02) $ (3.95) $ (7.41) $ (12.73)
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(1) Share and per share amounts have been retroactively adjusted to reflect the Reverse Stock Split. See Note 2, Summary of Significant Accounting Policies, for additional detail.
Schedule of Antidilutive Securities Weighted-average Shares Outstanding of Securities That Could Potentially Dilute Basic Net Loss Per Share
The following table discloses the weighted-average shares outstanding of securities that could potentially dilute basic net earnings 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 September 30, Nine Months Ended
September 30,
  2023 2022 2023 2022
Restricted Stock(1)
222,692  385,465  230,632  401,876 
Warrants(2)
6,241,475  887,629  4,554,915  887,625 
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(1) Share amounts have been retroactively adjusted to reflect the Reverse Stock Split. See Note 2, Summary of Significant Accounting Policies, for additional detail.

(2) Subsequent to the Reverse Stock Split, every 13 common shares under warrants becomes exercisable for one share of common stock at an exercise price of $149.50 per share of common stock for the Company's publicly traded warrants and $13.00 per share of common stock for the March 2023 Cargill Warrant, which is reflected in the table above. See Note 2, Summary of Significant Accounting Policies, for additional detail.