| Schedule of Computation of Basic and Diluted Net Loss Per Share |
The following table provides the computation of basic and diluted net loss per share:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2024 |
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2023 |
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2024 |
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2023 |
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(in thousands, except per share data) |
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| Numerator–basic: |
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| Net loss attributable to Class A common stockholders–basic |
$ |
(12,020) |
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$ |
(9,816) |
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$ |
(30,720) |
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$ |
(19,015) |
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| Numerator–diluted: |
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| Net loss attributable to Class A common stockholders–basic |
$ |
(12,020) |
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$ |
(9,816) |
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$ |
(30,720) |
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$ |
(19,015) |
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| Effective of dilutive securities: |
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| Shares of Class V common stock |
— |
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— |
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— |
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(61,015) |
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| Liability-classified warrants |
(8,779) |
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— |
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(8,779) |
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— |
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| Net loss attributable to Class A common stockholders–diluted |
$ |
(20,799) |
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$ |
(9,816) |
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$ |
(39,499) |
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$ |
(80,030) |
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| Denominator–basic: |
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| Weighted average Class A common shares outstanding–basic |
136,601 |
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107,454 |
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127,806 |
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74,699 |
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| Net loss per share attributable to Class A common stockholders–basic |
$ |
(0.09) |
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$ |
(0.09) |
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$ |
(0.24) |
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$ |
(0.25) |
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| Denominator–diluted: |
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| Weighted average Class A common shares outstanding–basic |
136,601 |
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107,454 |
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127,806 |
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74,699 |
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| Weighted average effect of dilutive securities: |
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| Shares of Class V common stock |
— |
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— |
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— |
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201,329 |
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| Liability-classified warrants |
4,482 |
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— |
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2,241 |
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— |
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| Weighted average shares outstanding–diluted |
141,083 |
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107,454 |
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130,047 |
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276,028 |
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| Net loss per share attributable to Class A common stockholders–diluted |
$ |
(0.15) |
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$ |
(0.09) |
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$ |
(0.30) |
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$ |
(0.29) |
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| Schedule of potential dilutive securities excluded from the computation of diluted net loss per share their effect would have been anti-dilutive |
The following table presents potentially dilutive securities excluded from the computation of diluted net loss per share for the periods presented because their effect would have been anti-dilutive.
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2024 |
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2023 |
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2024 |
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2023 |
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(in thousands) |
Stock warrants (1)
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107,718 |
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81,938 |
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107,718 |
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81,938 |
Stock options (1)
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21,530 |
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5,924 |
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21,530 |
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5,924 |
Restricted stock units (1)
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8,932 |
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1,250 |
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8,932 |
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1,250 |
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Restricted stock awards (1)
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— |
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250 |
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— |
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250 |
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Shares of Class V common stock (2)
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195,957 |
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198,610 |
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195,957 |
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— |
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| Total |
334,137 |
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287,972 |
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334,137 |
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89,362 |
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(1)Represents the number of instruments outstanding at the end of the period. Application of the treasury stock method would reduce this amount if they had a dilutive effect and were included in the computation of diluted net loss per share
(2)Shares of Class V common stock at the end of the period, including shares tied to unvested Common Units, are considered potentially dilutive shares of Class A common stock under application of the if-converted method.
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