Annual report pursuant to Section 13 and 15(d)

Net loss per share

v3.21.1
Net loss per share
 12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Net loss per share Net loss per share
Basic and diluted net loss per share attributable to common stockholders is presented using the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising stock options and the amount of compensation cost for future service that has not yet been recognized are collectively assumed to be used to repurchase shares.
Basic and diluted net loss per share is calculated by dividing net and comprehensive loss attributable to common stockholders by the weighted-average shares outstanding during the period. For the years ended December 31, 2020 and 2019, the Company’s basic and diluted net and comprehensive loss per share attributable to common stockholders are the same, because the Company has generated a net loss to common stockholders and common stock equivalents are excluded from diluted net loss per share as they have an antidilutive impact.
The following table sets forth basic and diluted net loss per share attributable to common stockholders for the years ended December 31, 2020 and 2019 (in thousands, except share and per share amounts):
Years Ended December 31,
Common stockholders 2020 2019
Numerator:
Net and comprehensive loss $ (59,335) $ (184,462)
Less: Preferred stock dividends 103  109 
Add: Adjustment due to gain on Series E Exchange (5,415) — 
Less: Adjustment due to BCF of Series F Shares 5,349  — 
Net and comprehensive loss available to common stockholders $ (59,372) $ (184,571)
Denominator:
Weighted average shares used in computing net loss per share attributable to common stockholders, basic and diluted 49,084,432  33,238,600 
Net loss per share attributable to common stockholders, basic and diluted $ (1.21) $ (5.55)