Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Summary of reconciliation of cash and cash equivalents

The reconciliation of cash, cash equivalents and restricted cash reported within the applicable consolidated balance sheets that sum to the total of the same such amount shown in the consolidated statements of cash flows is as follows:


	December 31,
	2023		2022
Cash and cash equivalents	$	12,200	$	30,630
Restricted cash	41		139
	$	12,241	$	30,769

Summary of useful lives of property plant and equipment

Depreciation is recognized using the straight-line method in amounts considered to be sufficient to allocate the cost of the assets to operations over the estimated useful lives or lease terms, as follows:


Asset Category						Depreciable Life
Machinery and equipment						5 to 10 years
Computers and IT equipment						3 to 10 years
Furniture and fixtures						7 to 10 years
Vehicles						10 years
Leasehold improvements						**

Schedule of earnings per share

A reconciliation of net loss and number of shares used in computing basic and diluted net loss per share is as follows:


	Year Ended December 31,
	2023		2022
Basic and Diluted net loss per share computation:
Numerator for basic and diluted net loss per share:
Net loss	$	(43,911)	$	(20,221)
Denominator for basic and diluted net loss per share:
Weighted average common shares - basic and diluted	6,749,836		6,624,820
Basic and diluted net loss per share	$	(6.51)	$	(3.05)

Summary of common stock equivalents outstanding excluded from computation of diluted loss per share

The following table presents the outstanding shares of common stock equivalents that were excluded from the computation of the diluted net loss per share attributable to common stock for the periods in which a net loss is presented because their effect would have been anti-dilutive:


	Year Ended December 31,
	2023	2022
Potentially dilutive securities:
Common stock warrants (1)	2,301,250	2,301,250
Earnout shares	438,800	438,800
Unvested RSUs	568,570	655,882

(1) The number of shares of common stock subject to the warrants was proportionately decreased as a result of the Reverse Stock Split.

Shapeways Holdings, Inc. 10-K