Net Loss per Share (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Computation of Basic and Diluted Net Loss per Share

Basic and diluted net loss per share during the three and six months ended June 30, 2024 and 2023 consisted of the following (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Numerator:
Net loss	$	(9,663)	$	(23,578)	$	(20,666)	$	(47,909)
Net loss attributable to common stockholders, basic	(9,663)		(23,578)		(20,666)		(47,909)
Net loss attributable to common stockholders, diluted (1)	(9,663)		(23,578)		(20,666)		(47,909)
Denominator:
Basic (2)
Weighted average common shares outstanding, basic	7,864		5,700		6,986		5,667
Basic net loss per share	$	(1.23)	$	(4.14)	$	(2.96)	$	(8.45)
Diluted (2)
Weighted average common shares outstanding, diluted (1)	7,864		5,700		6,986		5,667
Diluted net loss per share	$	(1.23)	$	(4.14)	$	(2.96)	$	(8.45)

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(1) Net loss attributable to common stockholders, diluted during the three and six months ended June 30, 2024, excludes adjustments related to the change in fair value of derivative liabilities, interest expense and amortization of discounts and issuance costs related to the Convertible Debentures. Additionally, weighted average common shares outstanding, diluted as of the three and six months ended June 30, 2023 excludes the if-converted shares related to the Convertible Debentures. These adjustments were excluded from the calculation of diluted net loss per share as they would have an antidilutive effect (see Note 8 - Convertible Notes).

(2) Shares for the three and six months ended June 30, 2023 have been retrospectively adjusted for the 1-for-30 reverse stock split that occurred on December 6, 2023.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Potential ending shares outstanding that were excluded from the computation of diluted net loss per share because their effect was anti-dilutive as of June 30, 2024 and 2023 consisted of the following (in thousands):


	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023 (1)	2024	2023 (1)
Contingent earn-out shares	547	547	547	547
Common stock underlying public and private warrants	628	628	628	628
Restricted stock units	402	722	402	722
Stock options	2	25	2	25
If-converted common stock from convertible debt	280	1,568	280	2,051

(1) Shares for the three and six months ended June 30, 2023 have been retrospectively adjusted for the 1-for-30 reverse stock split that occurred on December 6, 2023.