The following tables details the conversion of the Members’ equity at the time of the Reorganization: Units Impact of exchange Effect of Reorganization Post Reorganization Commonunits ....................... 62,957 8,699,630(1) (8,699,630) — SeriesApreferredunits ................ 11,798 1,649,125 (1,649,125) — Series Seed preferred units . . . . . . . . . . . . . 28,428 4,074,169 (4,074,169) — ClassBshares/units ................... — 14,422,924 Totals .............................. 103,183 14,422,924 14,422,924 (1) Reflects the 139.78 exchange ratio (in thousands) Dollar Value Effect of Reorganization Post Reorganization Commonunits ......................... $1,013 $(1,013) $ — SeriesApreferredunits .................. 7,337 (7,337) Series Seed preferred units . . . . . . . . . . . . . . . . 715 (715) Members equity November 9, 2021 . . . . . . . . . — — 9,065 Total ................................. $9,065 $(9,065) $9,065 NOTE 10. LOSS PER SHARE The following table sets forth the computation of loss per share: FOR THE YEARS ENDED DECEMBER 31, 2022 2021 Numerator: NetLoss................................ $ (10,983) $ (10,143) Denominator: Weighted-average shares outstanding . . . . . . . . . 6,193,017 6,169,885 Losspercommonshare........................ $ (1.77) $ (1.64) At December 31, 2022 and 2021, the Company’s issued and outstanding RSUs, which were the Company’s only potentially dilutive securities, have been excluded from the computation of diluted net loss per share as they would have been anti-dilutive. Therefore, for all periods presented, there is no difference in the number of shares used to compute basic and diluted shares outstanding due to the Company’s net loss position. NOTE 11. RELATED-PARTY TRANSACTIONS The Company entered into multiple related-party loan arrangements prior to 2020 with a member of the Company who holds shares of Class B common stock and is a holder of more than 20% of the Company’s equity interests. The outstanding balance of the debt from this related party was $1.2 million as of December 31, 2020, of which the entire balance was paid in full during 2021. Interest expense related to this debt was $0.1 million for the year ending December 31, 2021. Additionally, the Company’s Executive Chairman of the Company’s Board of Directors holds over than 20% beneficial ownership interest in the Company’s common stock. In connection with the completion of the IPO, the Company entered into a tax receivable agreement (“TRA”) with the continuing Members of RGF. This agreement grants the right for the members to receive 85% of the net 71
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