Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share

v3.22.4
Net Loss Per Share
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share

Note 17 — Net Loss Per Share

 

The “Net loss per share basic and diluted” for the respective periods indicated - is as follows:

 

    2022     2021  
    Years Ended December 31,  
    2022     2021  
Numerator            
Net loss   $ (56,171 )   $ (28,078 )
                 
Denominator                
Weighted average common shares outstanding, basic and diluted     36,172,421       18,603,619  
                 
Net loss per share                
Net loss per share - basic and diluted   $ (1.55 )   $ (1.51 )

 

Basic weighted-average number of shares of common stock outstanding for the years ended December 31, 2022 and 2021 include the shares of the Company issued and outstanding during such periods, each on a weighted average basis. The basic weighted average number of shares common stock outstanding excludes common stock equivalent incremental shares, while diluted weighted average number of shares outstanding includes such incremental shares. However, as the Company was in a loss position for all periods presented, basic and diluted weighted average shares outstanding are the same, as the inclusion of the incremental shares would be anti-dilutive. The common stock equivalents excluded from the computation of diluted weighted average shares outstanding are as follows:

 

    2022     2021  
    December 31,  
    2022     2021  
             
Stock options     2,565,377       1,419,242  
Unvested restricted stock awards     2,091,420       1,940,740  
Total     4,656,797       3,359,982