Basic net loss per share is calculated by dividing net loss attributable to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted net loss per share is calculated by dividing the net loss attributable to common shareholders by the weighted-average number of common share equivalents outstanding for the period, including any dilutive effect from outstanding stock options and warrants using the treasury stock method. The Company’s net loss is net loss attributable to common shareholders for all periods presented.

The following common stock equivalents were excluded from the calculation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Outstanding options		7,304,423		7,328,032		7,304,423		7,328,032
Unvested restricted common shares		1,990,014		1,524,987		1,990,014		1,524,987
ESPP		21,219		34,177		21,219		34,177
Total		9,315,656		8,887,196		9,315,656		8,887,196