Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of the Computation of Basic and Diluted Net Loss Per Share of Common Stock

The following tables set forth the computation of basic and diluted net loss per share of common stock for the year ended December 31, 2022, and common and preferred stock for the year ended December 31, 2021 (in thousands, except per share amounts):


	Year Ended
	December 31, 2022
	Common stock

Net loss	$	(41,658)
Weighted average shares	9,408,477
Basic and diluted net loss per share	$	(4.43)


	Year Ended
	December 31, 2021
	Common stock				Preferred Stock
	Continuing Operations		Discontinued Operations		Continuing Operations		Discontinued Operations
Allocation of undistributed net loss	$	(82,849)	$	(27)	$	(1,500)	$	—
Weighted average shares	8,324,038		8,324,038		361,644		361,644
Basic and diluted net loss per share	$	(9.95)	$	0.00	$	(4.15)	$	—

Schedule of Anti-dilutive Securities Excluded from Computation of Diluted Weighted Shares Outstanding

The following outstanding securities at December 31, 2022 and 2021 have been excluded from the computation of diluted weighted shares outstanding, as they could have been anti-dilutive:


	December 31,
	2022	2021
Stock options	1,428,867	1,137,612
Warrants on common stock1	366,990	367,189
Restricted Stock Units	—	937

1 The weighted average number of common shares outstanding as of December 31, 2021 includes the weighted average effect of the 139,747 pre-funded warrants issued in connection with the underwritten public offering that closed in January 2021 because the exercise of such warrants requires nominal consideration ($0.012 per share exercise price for each pre-funded warrant). During 2021, the holder exercised 25,740 of the pre-funded warrants. As of December 31, 2022, the weighted average number of common shares outstanding included the weighted average effect of the remaining 114,007 pre-funded warrants outstanding. Therefore, these pre-funded warrants are not included in the table above.