General form of registration statement for all companies including face-amount certificate companies

Net Loss Per Share Attributable to Common Stockholders

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Net Loss Per Share Attributable to Common Stockholders
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Bird Rides [Member]    
Net Loss Per Share Attributable to Common Stockholders
Note 10 – Net Loss Per Share Attributable to Common Stockholders
Basic 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 without consideration for Common Stock equivalents.
Diluted net loss per share attributable to Common Stockholders is computed by dividing net loss by the weighted-average number of shares of Common Stock outstanding during the period and potentially dilutive Common Stock equivalents, including stock options,RSUs, warrants to purchase Senior Preferred Stock, Prime Preferred Stock, and Prior Preferred Stock, shares of Senior Preferred Stock, Prime Preferred Stock, and Prior Preferred Stock, and Founders Preferred Stock, except in cases where the effect of the Common Stock equivalent would be antidilutive. Potential Common Stock equivalents consist of Common Stock issuable upon exercise of stock options and vesting of RSUs using the treasury stock method. Since the Company was in a loss position during the nine months ended September 30, 2021 and 2020, respectively, basic and diluted earnings per share are the same as the effect of the conversion of Redeemable Convertible Preferred Stock and assumed exercise of warrants, stock options, and vesting of RSUs, which is anti-dilutive.
The following table presents the calculation of basic and diluted net loss per share attributable to Common Stockholders (in thousands, except per share amounts):
 
    
Three
M
onths
E
nded
September 30,
    
Nine Months Ended
September 30,
 
    
2021
    
2020
    
2021
    
2020
 
Numerator:
                                   
Net loss attributable to common stockholders
   $ (41,808    $ (43,795    $ (170,052    $ (164,094
Denominator:
                                   
Basic and diluted weighted-average shares outstanding
     58,157        44,661        55,866        40,118  
Loss per share:
                                   
    
 
 
    
 
 
    
 
 
    
 
 
 
Basic and diluted loss per share
   $ (0.72    $ (0.98    $ (3.04    $ (4.09
The following outstanding securities were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented (in thousands):
 
 
  
As of September 30,
 
 
  
2021
 
  
2020
 
Redeemable convertible preferred stock
     —          153,739  
Redeemable convertible senior preferred stock
     29,234        —    
Redeemable convertible prime preferred stock
     149,446        —    
Exchanged common stock
     4,293        —    
Founders convertible preferred stock
     4,540        4,540  
Unvested common stock shares
     589        9,121  
Stock options
     14,755        18,198  
Restricted stock units
     5,825        —    
Warrants to purchase redeemable convertible preferred stock
              68  
Warrants to purchase redeemable convertible prime preferred stock
     68        —    
Warrants to purchase redeemable convertible senior preferred stock
     3,208        —    
    
 
 
    
 
 
 
Total
     211,958        185,666  
    
 
 
    
 
 
 
Note 12 — Net Loss Per Share Attributable to Common Stockholders (As Restated)
As discussed in Note 10, our common stock issued and outstanding has been revised to reflect the appropriate accounting for common stock subject to certain vesting requirements. Accordingly, our calculation of basic and diluted loss per share for the twelve months ended December 31, 2020 and December 31, 2019 has been revised. Our previously reported basic and diluted weighted-average shares outstanding of 50,610 and 39,290, respectively were incorrect and have been restated to 42,483 and 24,054, respectively to reflect the appropriate calculation of weighted-average shares outstanding. Additionally, our previously reported basic and diluted loss per share of $4.11 and $9.86, respectively, were incorrect and have been restated to $4.90 and $16.11, respectively to exclude the shares that were unvested in the periods presented. The consolidated statements of operations have been restated to reflect the adjustments.
Basic loss per share is computed by dividing net loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period without consideration for common stock equivalents. Diluted net loss per share attributable to common stockholders is computed by dividing net income
by the weighted-average number of common shares outstanding during the period and potentially dilutive common stock equivalents, including stock options, restricted stock units, warrants to purchase redeemable convertible preferred stock, redeemable convertible preferred stock, and Founders convertible preferred stock, except in cases where the effect of the common stock equivalent would be antidilutive. Potential common stock equivalents consist of common stock issuable upon exercise of stock options and vesting of restricted stock units using the treasury stock method. For periods of net loss, basic and diluted earnings per share are the same as the effect of the assumed exercise of warrants, stock options, and vesting of restricted stock units is anti-dilutive.
Since the Company was in a loss position for the years ended December 31, 2020 and 2019, basic net loss per share was the same as diluted net income per share for the periods presented. The following table presents the calculation of basic and diluted net loss per share attributable to common stockholders for the years ended December 31, 2020 and December 31, 2019 (in thousands, number of shares, and per share amounts):
 
    
Years Ended December 31,
 
    
        2020        
    
        2019        
 
Numerator:
                 
Net loss attributable to common stockholders
     $(208,230      $(387,482
Denominator:
                 
Basic and diluted weighted-average shares outstanding
     42,483        25,054  
Loss per share:
                 
    
 
 
    
 
 
 
Basic and diluted loss per share
     $(4.90      $(16.11
    
 
 
    
 
 
 
The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:
 
    
Years Ended December 31,
 
    
        2020        
    
        2019        
 
Redeemable convertible preferred shares
     153,739        135,024  
Founders Preferred
     4,540        4,540  
Unvested common stock shares
     4,584        13,461  
Stock Options
     19,242        17,615  
Early Exercises of Stock Options
     2,866        316  
Warrants to purchase redeemable convertible preferred stock
     107        310  
    
 
 
    
 
 
 
Total
     185,078        171,266