v3.25.2
Loss per Share
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Loss per Share

14. Loss per Share

 

For the three and six months ended June 30, 2025, loss per share is $0.71 and $1.71 (basic and diluted) compared to the three and six months ended June 30, 2024, of $1.55 and $3.28 (basic and diluted) using the weighted average number of shares of 5,285,705 and 4,778,426 (basic and diluted) as of June 30, 2025 and 2,595,863 and 2,357,335 (basic and diluted) as of June 30, 2024, respectively.

 

 

There are 45,000,000 shares authorized with 5,519,130 and 2,852,070 shares issued and outstanding, as at June 30, 2025 and 2024, respectively. The computation of loss per share is based on the weighted average number of shares outstanding during the period in accordance with ASC Topic No. 260, “Earnings Per Share.” Shares underlying the Company’s outstanding warrants and convertible promissory notes were excluded due to the anti-dilutive effect they would have on the computation.