| Schedule of Basic and Diluted Net Income (Loss) Per Share |
The following table sets forth the computation
of basic and diluted net income (loss) per share of common and preferred stock (in thousands, except share and per share data):
| |
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
| |
|
2023 |
|
|
2024 |
|
|
2023 |
|
|
2024 |
|
| Basic net income (loss) per share |
|
|
|
|
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
|
$ |
(3,838 |
) |
|
$ |
9,855 |
|
|
$ |
(18,413 |
) |
|
$ |
(11,108 |
) |
| Net income (loss) attributable to participating securities |
|
|
- |
|
|
|
(5,925 |
) |
|
|
- |
|
|
|
- |
|
| Deemed dividends on preferred stock |
|
|
(603 |
) |
|
|
(887 |
) |
|
|
(795 |
) |
|
|
(1,095 |
) |
| Net income (loss) attributable to common shares, basic |
|
|
(4,441 |
) |
|
|
3,043 |
|
|
|
(19,208 |
) |
|
|
(12,203 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted-average shares outstanding used in computing net income (loss) per share attributable to common stockholders, basic |
|
|
15,234,570 |
|
|
|
37,914,812 |
|
|
|
15,233,503 |
|
|
|
36,397,997 |
|
| Net income (loss) per share attributable to common stockholders, basic |
|
$ |
(0.29 |
) |
|
$ |
0.08 |
|
|
$ |
(1.26 |
) |
|
$ |
(0.34 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted net income (loss) per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) attributable to common shares, basic |
|
$ |
(4,441 |
) |
|
$ |
3,043 |
|
|
$ |
(19,208 |
) |
|
$ |
(12,203 |
) |
| Change in fair value of preferred stock warrant liability |
|
|
- |
|
|
|
(16,810 |
) |
|
|
- |
|
|
|
- |
|
| Net (loss) attributable to common shares, diluted |
|
|
(4,441 |
) |
|
|
(13,767 |
) |
|
|
(19,208 |
) |
|
|
(12,203 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted-average shares outstanding used in computing net loss per share attributable to common stockholders, basic |
|
|
15,234,570 |
|
|
|
37,914,812 |
|
|
|
15,233,503 |
|
|
|
36,397,997 |
|
| Weighted-average effect of diluted securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Tranche warrants to purchase convertible preferred stock |
|
|
- |
|
|
|
56,138,041 |
|
|
|
- |
|
|
|
- |
|
| Weighted-average shares outstanding used in computing net loss per share attributable to common stockholders, diluted |
|
|
15,234,570 |
|
|
|
94,052,853 |
|
|
|
15,233,503 |
|
|
|
36,397,997 |
|
| Net loss per share attributable to common stockholders, diluted |
|
$ |
(0.29 |
) |
|
$ |
(0.15 |
) |
|
$ |
(1.26 |
) |
|
$ |
(0.34 |
) |
|
| Schedule of Outstanding Shares Potentially Dilutive Securities |
The following outstanding shares of potentially
dilutive securities were excluded from the computation of diluted net loss per share for the periods presented because including them
would have been antidilutive:
| |
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
| |
|
2023 |
|
|
2024 |
|
|
2023 |
|
|
2024 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Options to purchase common stock |
|
|
1,334,309 |
|
|
|
13,088,427 |
|
|
|
1,334,309 |
|
|
|
13,088,427 |
|
| Warrants to purchase common stock |
|
|
4,784,193 |
|
|
|
4,784,193 |
|
|
|
4,784,193 |
|
|
|
4,784,193 |
|
| Restricted stock units |
|
|
- |
|
|
|
10,000 |
|
|
|
- |
|
|
|
10,000 |
|
| Common stock issuable upon conversion of Series B-1 convertible preferred stock |
|
|
- |
|
|
|
50,000,000 |
|
|
|
- |
|
|
|
50,000,000 |
|
| Common stock issuable upon conversion of Series A-2 Prime convertible preferred stock |
|
|
- |
|
|
|
34,843,000 |
|
|
|
- |
|
|
|
34,843,000 |
|
| Warrants to purchase convertible preferred stock |
|
|
160,958,167 |
|
|
|
- |
|
|
|
160,958,167 |
|
|
|
160,958,167 |
|
| Total |
|
|
167,076,669 |
|
|
|
102,725,620 |
|
|
|
167,076,669 |
|
|
|
263,683,787 |
|
|