NET LOSS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2025

NET LOSS PER SHARE

Schedule of computation of EPS and the effect on income and the weighted average number of shares

The following data show the amounts used in computing EPS and the effect on income and the weighted average number of shares for the three months ended June 30, 2025 and 2024:


			Three Months Ended June 30,
(in thousands, except per share data)		2025			2024
Net loss		$	(6,102)		$	(4,746)
Cumulative preferred stock dividends			—			(82)
Net loss available to common shareholders used in basic and diluted earnings per share		$	(6,102)		$	(4,828)
Weighted average number of common shares used in basic and diluted earnings per share			22,968,462			174,077
Loss per common share – basic and diluted		$	(0.27)		$	(27.73)

The following data show the amounts used in computing EPS and the effect on income and the weighted average number of shares for the six months ended June 30, 2025 and 2024:


		Six Months Ended June 30,
(in thousands, except share and per share data)		2025			2024
Net loss		$	(11,934)		$	(16,993)
Cumulative preferred stock dividends			—			(165)
Net loss available to common shareholders used in basic and diluted earnings per share		$	(11,934)		$	(17,158)
Weighted average number of common shares used in basic and diluted earnings per share			22,909,243			174,077
Net loss per common share – basic and diluted		$	(0.52)		$	(98.57)

Schedule of anti-dilutive securities excluded from the computation of diluted net loss per share

For the three and six months ended June 30, 2025 and 2024, the following items have been excluded from the computation of diluted net loss per share because the effect of including these would have been anti-dilutive:


Six Months Ended June 30:		2025		2024
Incentive stock options		5,898,018		5,997,539
Restricted stock units		1,301,633		—
Warrants		107,813		—
Temporary redeemable preferred stock		—		3,984,088
Total		7,307,464		9,981,627