Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Income (Loss) Per Share

v3.22.2
Basic and Diluted Net Income (Loss) Per Share
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Basic and Diluted Net Income (Loss) Per Share

Note 17. Basic and Diluted Net Income (Loss) Per Share

Basic earnings per share is based upon the weighted average number of common shares outstanding. Dilution is computed by applying the treasury stock and if-converted methods, as applicable. There were no participating securities during either period. For both periods presented, the weighted average number of shares used to compute basic and diluted loss per share is the same since the effect of potentially dilutive securities is antidilutive.

The following securities were excluded due to their anti-dilutive effect on net loss per common share recorded for the periods presented:

 

 

 

Three and Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

Stock options outstanding

 

 

403,750

 

 

 

561,079

 

Unvested stock options early exercised

 

 

323,475

 

 

 

442,974

 

Unvested performance-based stock options early exercised

 

 

375,000

 

 

 

375,000

 

Redeemable convertible preferred stock

 

 

 

 

 

8,384,906

 

Warrants to purchase common stock

 

 

450,396

 

 

 

403,698

 

Restricted stock units outstanding

 

 

859,264

 

 

 

 

Total

 

 

2,411,885

 

 

 

10,167,657