13.
Net Loss per Share
The
following is a reconciliation of the numerator (net loss) and the denominator (number of shares) used in the basic and diluted earnings
per share calculations (in thousands):
Schedule of Computation of Basic and Diluted Earnings Per Share
| | |
| | |
| |
| | |
Year Ended December 31, | |
| | |
2025 | | |
2024 | |
| Net loss | |
$ | (21,643 | ) | |
$ | (24,045 | ) |
| Cumulative dividend on convertible preferred stock | |
| (1,271 | ) | |
| (1,308 | ) |
| Net loss attributable to common stockholders | |
$ | (22,914 | ) | |
$ | (25,353 | ) |
| | |
| | | |
| | |
| Weighted average number of common shares and equivalents: | |
| 90,957,313 | | |
| 85,183,306 | |
| Basic EPS | |
$ | (0.25 | ) | |
$ | (0.30 | ) |
| Diluted EPS | |
$ | (0.25 | ) | |
$ | (0.30 | ) |
The
following table sets forth the number of common shares that were excluded from the computation of diluted earnings per share because
their inclusion would have been anti-dilutive as follows:
Schedule of Anti-Dilutive Securities Excluded From Computation of Diluted Earnings Per Share
| | |
December 31, | |
| | |
2025 | | |
2024 | |
| Shares issuable upon vesting/exercise of: | |
| | |
| |
| Options to purchase common stock | |
| 4,270,381 | | |
| 3,858,360 | |
| Series A Convertible Preferred Stock and Accumulated Dividends | |
| 50,277,527 | | |
| 49,371,307 | |
| Restricted stock units | |
| 2,480,633 | | |
| 1,546,532 | |
| | |
| 57,028,541 | | |
| 54,776,199 | |
|