Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Common Stock Equivalents for Securities Outstanding Excluded from Earnings Per Share Calculations

The following is a summary of the Common Stock equivalents for the securities outstanding during the respective periods that have been excluded from the computation of diluted net loss per common share, as their effect would be anti-dilutive:


	Three Months Ended March 31,
	2025	2024
Preferred stock (1)	4,970,513	4,614,513
Stock options and restricted stock units	284,354	303,794
Contingent consideration (2)	—	77,403
Warrants	—	272,851
Total	5,254,867	5,268,561

(1) Includes the effect of potential Common Stock that would be issued to settle unpaid dividends accrued to holders of the Preferred Stock if they elected to convert their shares at the beginning of the period (or at the time of issuance, if later).

(2) A contingent consideration liability was recognized as part of the Company's acquisition of Shareablee, Inc. ("Shareablee") in December 2021. The liability payments could have been settled in any combination of cash or shares of Common Stock based on the volume-weighted average trading price of the Common Stock for the ten trading days prior to the

date of each payment. In the first quarter of 2025, the Company settled the third and final installment of $1.2 million in cash and there is no contingent consideration liability outstanding as of March 31, 2025. The Company paid the first installment of $3.7 million in cash in 2023 and the second installment of $3.7 million in cash in 2024. The Company calculated a potential anti-dilutive share count for the three months ended March 31, 2024 based on the remaining expected payments totaling $1.2 million and the $15.40 per share closing price of the Company's Common Stock on the Nasdaq Global Select Market on March 28, 2024.