Annual report pursuant to Section 13 and 15(d)

NET LOSS PER SHARE

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NET LOSS PER SHARE
12 Months Ended
Dec. 31, 2021
NET LOSS PER SHARE  
NET LOSS PER SHARE

9. NET LOSS PER SHARE

Basic net loss per share is computed by dividing net loss attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted net loss attributable to common stockholders per share is computed by dividing net loss attributable to common stockholders, as adjusted, by the sum of the weighted average number of shares of common stock and the dilutive potential common stock equivalents then outstanding. Potential common stock equivalents consist of stock options, warrants, preferred shares convertible into common stock, and pre-funded warrants. Since there is a net loss attributable to common stockholders for the years ended December 31, 2021 and 2020, the inclusion of common stock equivalents in the computation for those periods would be antidilutive. Accordingly, basic and diluted net loss per share is the same for all periods presented.

The following potentially dilutive securities have been excluded from the computation of diluted net loss per share since their inclusion would be antidilutive:

Year Ended December 31, 

    

2021

    

2020

Warrants

 

15,633,825

 

17,456,266

Stock options

 

4,238,200

 

1,184,464

Preferred shares convertible to common

 

1,111,111

 

15,722,680

Total potentially dilutive shares

 

20,983,136

 

34,363,410