Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

v3.20.1
Net Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

 

 

Voting common stock

 

 

Non-voting common stock

 

Basic net loss per share:

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

Allocation of undistributed losses attributable to common stockholders

 

$

(5,380

)

 

$

(2,105

)

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic per share computation

 

 

16,379,788

 

 

 

6,409,519

 

Net loss per share, basic

 

$

(0.33

)

 

$

(0.33

)

 

 

 

 

 

 

 

 

 

Diluted net loss per share:

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

Allocation of undistributed losses for basic computation

 

$

(5,380

)

 

$

(2,105

)

Reallocation of undistributed losses as a result of conversion of

     non-voting to voting common shares

 

 

(2,105

)

 

 

 

Allocation of undistributed losses

 

$

(7,485

)

 

$

(2,105

)

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Weighted average number of shares used in basic per share computation

 

 

16,379,788

 

 

 

6,409,519

 

Add: conversion of non-voting to voting common shares outstanding

 

 

6,409,519

 

 

 

 

Weighted average number of shares used in diluted per share computation

 

 

22,789,307

 

 

 

6,409,519

 

Net loss per share, diluted

 

$

(0.33

)

 

$

(0.33

)

 

For the three months ended March 31, 2019, basic and diluted net loss per share is:

 

 

Common stock

 

Basic and diluted net loss per share:

 

 

 

 

Numerator

 

 

 

 

Net loss attributable to common stockholders

 

$

(8,858

)

 

 

 

 

 

Denominator

 

 

 

 

Weighted average number of shares used in basic and

     diluted per share computation

 

 

1,464,572

 

Net loss per share, diluted

 

$

(6.05

)

 

Schedule of Antidilutive Shares Excluded from Calculation of Diluted Net Loss Per Share

The following outstanding potentially dilutive shares have been excluded from the calculation of diluted net loss per share, as their effect is anti-dilutive:

 

 

As of March 31,

 

 

 

2020

 

 

2019

 

Convertible preferred stock

 

 

 

 

 

19,356,835

 

Stock options to purchase common stock

 

 

2,657,704

 

 

 

1,304,285

 

Non-vested common stock

 

 

1,158,185

 

 

 

2,382,651

 

 

 

 

3,815,889

 

 

 

23,043,771