| Net Loss per Share |
14. Net Loss per Share
The following table sets forth
the computation of basic and diluted loss per share (in thousands, except share and per share amounts):
| | |
Three Months Ended
June 30, | | |
Six Months Ended
June 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Numerator: | |
| | |
| | |
| | |
| |
| Net loss | |
$ | (5,690 | ) | |
$ | (3,947 | ) | |
$ | (10,688 | ) | |
$ | (10,217 | ) |
| Less: Cumulative preferred dividends | |
| (1,252 | ) | |
| (1,365 | ) | |
| (2,490 | ) | |
| (2,730 | ) |
| Net loss attributable to common stockholders, basic and diluted | |
$ | (6,942 | ) | |
$ | (5,312 | ) | |
$ | (13,178 | ) | |
$ | (12,947 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted-average Common Stock outstanding, basic and diluted | |
| 21,383,852 | | |
| 18,599,982 | | |
| 21,355,388 | | |
| 18,599,982 | |
| Net loss per share attributable to common stockholders, basic and diluted | |
$ | (0.32 | ) | |
$ | (0.29 | ) | |
$ | (0.62 | ) | |
$ | (0.70 | ) |
The Company’s potentially
dilutive securities below, presented based on amounts outstanding at each period end, have been excluded from the computation of diluted
net loss per share as the effect would be to reduce the net loss per share. The weighted-average number of shares of Common Stock outstanding
noted above used to calculate both basic and diluted net loss per share attributable to stockholders of Common Stock for these periods
is the same.
| | |
Three Months Ended
June 30, | | |
Six Months Ended
June 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Stock options | |
| 2,164,238 | | |
| 2,052,239 | | |
| 2,164,238 | | |
| 2,052,239 | |
| Series A Preferred Stock (as converted to common stock) | |
| 3,588,406 | | |
| 3,913,043 | | |
| 3,588,406 | | |
| 3,913,043 | |
| Publicly traded warrants | |
| 14,166,666 | | |
| 14,166,666 | | |
| 14,166,666 | | |
| 14,166,666 | |
| Shortfall Warrants | |
| 3,209,511 | | |
| 3,874,394 | | |
| 3,209,511 | | |
| 3,874,394 | |
| Contingent Sponsor Shares | |
| — | | |
| 1,000,000 | | |
| — | | |
| 1,000,000 | |
| Term Loan Warrants | |
| 3,500,000 | | |
| 750,000 | | |
| 3,500,000 | | |
| 750,000 | |
| | |
| 26,628,821 | | |
| 25,756,342 | | |
| 26,628,821 | | |
| 25,756,342 | |
|