1. Spore germinates into a gametophyte composed of a protonema and gamete-producing gametophore
2. Mature gametophytes produce flagellated sperm in antheridia and an egg in each archegonium
3. Sperm swim through a film of water to reach and fertilize the egg
4. Zygote develops into a young sporophyte
5. Sporophyte consists of a foot, a seta (stalk), and a sporangium, also called a capsule, which discharges spores through a peristome