Schedule of Basic and Diluted Net Loss Per Share |
Basic and diluted net loss per share for the three and six months ended June 30, 2025 and 2024 are calculated as follows: | | | | | | | | | | | | | | | Three Months Ended June 30, | | | | 2025 | | 2024 | | | Numerator: | | | | | | Net loss | $ | (23,519,412) | | | $ | (32,237,098) | | | | Denominator: | | | | | | Shares used to compute net loss per share, basic and diluted | | | | | | Weighted-average common shares outstanding | 36,694,576 | | | 25,461,260 | | | | Weighted-average shares underlying pre-funded warrants | 2,135,477 | | | 1,736,542 | | | | Weighted-average common shares outstanding used to compute basic and diluted net loss per share | 38,830,053 | | | 27,197,802 | | | | Net loss per share | | | | | | Basic and diluted | $ | (0.61) | | | $ | (1.19) | | | |
| | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | | | 2025 | | 2024 | | | Numerator: | | | | | | Net loss | $ | (43,214,109) | | | $ | (62,706,969) | | | | Denominator: | | | | | | Shares used to compute net loss per share, basic and diluted | | | | | | Weighted-average common shares outstanding | 36,586,974 | | | 24,376,386 | | | | Weighted-average shares underlying pre-funded warrants | 2,135,477 | | | 868,271 | | | | Weighted-average common shares outstanding used to compute basic and diluted net loss per share | 38,722,451 | | | 25,244,657 | | | | Net loss per share | | | | | | Basic and diluted | $ | (1.12) | | | $ | (2.48) | | | |
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Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
The following table summarizes potential shares of common stock that were excluded from the diluted net loss per share calculation because of their anti-dilutive effect: | | | | | | | | | | | | | | | Three and Six Months Ended June 30, | | | | 2025 | | 2024 | | | Warrants to purchase common stock | 10,000,000 | | | — | | | | Options to purchase common stock | 2,010,580 | | | 1,359,705 | | | | Service-based restricted stock units | 733,551 | | | 341,373 | | | | Performance-and market-based restricted stock units | 128,800 | | | 82,000 | | | | Convertible preferred stock | 275 | | | 275 | | | | | | | | | | | | | | | | | | | | | | Total | 12,873,206 | | | 1,783,353 | | | |
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