| Schedule of Basic and Diluted Earnings Per Share |
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Year ended December 31, 2020
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Voting common stock
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Non-voting common stock
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Basic net loss per share:
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Numerator
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Allocation of undistributed losses attributable to common stockholders
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$
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(25,090
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)
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$
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(8,249
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)
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Denominator
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Weighted average number of shares used in basic per share computation
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17,417,900
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5,727,327
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Net loss per share, basic
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$
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(1.44
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)
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$
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(1.44
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)
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Diluted net loss per share:
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Numerator
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Allocation of undistributed losses for basic computation
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$
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(25,090
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)
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$
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(8,249
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)
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Reallocation of undistributed losses as a result of conversion of
non-voting to voting common shares
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(8,249
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)
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—
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Allocation of undistributed losses
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$
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(33,339
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)
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$
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(8,249
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)
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Denominator
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Weighted average number of shares used in basic per share computation
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17,417,900
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5,727,327
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Add: Conversion of non-voting to voting common shares outstanding
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5,727,327
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—
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Weighted average number of shares used in diluted per share computation
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23,145,227
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5,727,327
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Net loss per share, diluted
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$
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(1.44
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)
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$
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(1.44
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)
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Year ended December 31, 2019
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Voting common stock
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Non-voting common stock
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Basic net loss per share:
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|
|
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Numerator
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|
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Allocation of undistributed losses attributable to common stockholders
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$
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(17,693
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)
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$
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(4,576
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)
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Denominator
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Weighted average number of shares used in basic per share computation
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4,345,530
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1,123,861
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Net loss per share, basic
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$
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(4.07
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)
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$
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(4.07
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)
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Diluted net loss per share:
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Numerator
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Allocation of undistributed losses for basic computation
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|
$
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(17,693
|
)
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|
$
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(4,576
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)
|
|
Reallocation of undistributed losses as a result of conversion of
non-voting to voting common shares
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|
|
(4,576
|
)
|
|
|
—
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Allocation of undistributed losses
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$
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(22,269
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)
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$
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(4,576
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)
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Denominator
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Weighted average number of shares used in basic per share computation
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4,345,530
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1,123,861
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Add: Conversion of non-voting to voting common shares outstanding
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1,123,861
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—
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Weighted average number of shares used in diluted per share computation
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5,469,391
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1,123,861
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Net loss per share, diluted
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$
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(4.07
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)
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$
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(4.07
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)
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| 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:
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For the Year Ended December 31,
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2020
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2019
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Stock options to purchase common stock
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2,900,479
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2,129,632
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Non-vested founder stock
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465,801
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1,388,977
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Total
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3,366,280
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3,518,609
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