Net Loss Per Share of Common Stock
|9 Months Ended|
Sep. 30, 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 pre-funded 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 common shares underlying the pre-funded warrants that were unexercised as of December 31, 2022 to be outstanding beginning on January 1, 2023 for the purposes of calculating basic EPS. There were no pre-funded warrants outstanding as of September 30, 2023.
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):
The following potentially dilutive securities outstanding at September 30, 2023 and 2022 have been excluded from the computation of diluted weighted average shares outstanding, as they would have been anti-dilutive:
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef