v3.25.2
NET LOSS PER SHARE (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Earnings Per Share [Abstract]    
Schedule of Calculating Diluted Earnings Per Share The following table sets forth securities outstanding that could potentially dilute the calculation of diluted earnings per share:

 

 

Three and Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

Stock options outstanding

 

 

135,511

 

 

 

191,139

 

Junior Note Warrants

 

 

859,315

 

 

 

550,000

 

Public Warrants

 

 

417,770

 

 

 

417,770

 

June 2023 Senior Note Warrants

 

 

335,210

 

 

 

335,210

 

August 2024 Warrants Issued with Junior Notes

 

 

19,892

 

 

 

 

Pre-funded warrants

 

 

 

 

 

171,706

 

Unvested restricted stock units

 

 

2,418

 

 

 

10,275

 

If-converted Common Stock from Series A Preferred Stock(1)

 

 

109,445

 

 

 

119,445

 

If-converted Common Stock from convertible notes

 

 

23,297,870

 

 

 

265,042

 

Total

 

 

25,177,431

 

 

 

2,060,587

 

 

Assumed that all shares of Series A Preferred Stock were converted into Common Stock at a conversion rate equal to $0.25 divided by $5.00, representing the maximum number of shares issuable to holders of Series A Preferred Stock.
The following table sets forth securities outstanding that could potentially dilute the calculation of diluted earnings per share:

 

 

Year ended December 31,

 

 

 

2024

 

 

2023

 

Stock options outstanding

 

 

218,430

 

 

 

188,865

 

Junior Note Warrants

 

 

859,315

 

 

 

550,000

 

Public Warrants

 

 

417,770

 

 

 

417,770

 

June 2023 Senior Note Warrants

 

 

335,210

 

 

 

335,210

 

Pre-Funded Warrants

 

 

837,116

 

 

 

 

August 2024 Warrants Issued with Junior Notes

 

 

19,892

 

 

 

 

Unvested restricted stock units

 

 

4,562

 

 

 

22,213

 

If-converted Common Stock from Series A Preferred Stock(1)

 

 

119,445

 

 

 

151,945

 

If-converted Common Stock from convertible notes

 

 

16,657,280

 

 

 

335,661

 

Total

 

 

19,469,020

 

 

 

2,001,664

 

 

(1) Assumes that all shares of Series A Preferred Stock are converted into Common Stock at a conversion rate equal to $0.25 divided by $5.00 (adjusted by the Reverse Stock Split), representing the maximum number of shares issuable to holders of Series A Preferred Stock.