Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share of Common Stock

Net Loss Per Share of Common Stock
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Net Loss Per Share of Common Stock
6. Net Loss Per Share of Common Stock
Diluted loss per share is the same as basic loss per share for all periods presented because the effects of potentially dilutive items were anti-dilutive given the Company’s net loss. Basic loss per share is computed by dividing net loss available to common stockholders by the weighted-average number of common shares outstanding, including the weighted average effect of the
warrants the Company issued in connection with the 2022 and 2023 Offerings, the exercise of which requires nominal consideration for the delivery of shares of common stock. As such, the Company has considered the 574,937 and 2,104,000 common shares underlying the
warrants that were unexercised as of December 31, 2022 and March 31, 2023, respectively, to be outstanding beginning on January 1, 2023 and March 2, 2023, respectively, for the purposes of calculating basic EPS.
The following table sets forth the computation of basic and diluted net loss per share for common stockholders (in thousands, except share and per share data):
Three Months Ended March 31,
Net loss
   $ (1,371 )    $ (20,157
Weighted average shares of common stock outstanding
     1,975,476        491,626  
Net loss per share of common stock—basic and diluted
   $ (0.69    $ (41.00
The following potentially dilutive securities outstanding at March 31, 2023 and 2022 have been excluded from the computation of diluted weighted average shares outstanding, as they would have been anti-dilutive:
March 31,
Options to purchase common stock
     79,661        52,148  
Warrants to purchase common stock
     7,151,451        136,563  
     7,231,112        188,711