Three Months Ended

Nine Months Ended

September 30,

2025

2024

2025

2024

(in thousands, except for per-share data)

Net loss from continuing operations

$

(3,763)

$

(3,585)

$

(10,333)

$

(11,248)

Net income (loss) from discontinued operations

9,252

(172)

8,087

640

Net income (loss)

5,489

(3,757)

(2,246)

(10,608)

Deemed dividends

—

(3,677)

—

(7,711)

Net income (loss) available to common shareholders

$

5,489

$

(7,434)

$

(2,246)

$

(18,319)

Weighted average common shares outstanding - Basic

3,541,337

4,223

1,301,656

2,617

Dilutive effect of outstanding warrants, options and RSUs⁽¹⁾

6,476,494

2,959

2,138,206

2,053

Dilutive effect of series A convertible preferred shares

1,870,657

-

630,405

-

Denominator for diluted EPS

11,888,488

7,182

4,070,266

4,670

Basic loss per common share from continuing operations

$

(1.06)

$

(848.84)

$

(7.94)

$

(4,297.69)

Basic income (loss) per common share from discontinued operations

2.61

(40.77)

6.21

244.44

Basic loss per common share from deemed dividends

—

(870.65)

—

(2,946.25)

Basic income (loss) per common share

$

1.55

$

(1,760.26)

$

(1.73)

$

(6,999.50)

Diluted loss per common share from continuing operations

$

(1.06)

$

(848.84)

$

(7.94)

$

(4,297.69)

Diluted income (loss) per common share from discontinued operations

0.78

(40.77)

1.99

137.00

Diluted loss per common share from deemed dividends

—

(870.65)

—

(2,946.25)

Diluted income (loss) per common share

$

(0.28)

$

(1,760.26)

$

(5.95)

$

(7,106.94)

Anti-dilutive shares are as follows as of September 30:

Warrants (excluding pre-funded)

11,422,790

1,119,424

11,422,790

1,119,424

Options

25,861

2

25,861

2

Restricted stock units

8,624

51

8,624

51

11,457,275

1,119,477

11,457,275

1,119,477