v3.26.1
Net Loss per Share
12 Months Ended
Dec. 31, 2025
Loss per common share:  
Net Loss per Share

19. Net Loss per Share

 

Basic net loss per common share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net loss per common share is calculated by dividing net loss by the diluted weighted average number of common shares outstanding during the period. The diluted shares include the dilutive effect of stock-based awards based on the treasury stock method. In periods where a net loss is recorded, no effect is given to potentially dilutive securities, since the effect would be anti-dilutive.

 

The following table sets forth the computation of the Company’s basic and diluted net earnings (loss) per share attributable to common stockholders (in thousands, except share and per share data):

 

 

   2025   2024 
   For years ended December 31, 
   2025   2024 
Net loss  $(10,536)  $(17,759)
Weighted average common shares outstanding, basic and diluted   10,171,921    5,516,334 
Net loss per share, basic and diluted  $(1.04)  $(3.22)

 

 

The following table sets forth securities that were anti-dilutive for diluted earnings per share (“EPS”) for the periods presented but which could potentially dilute EPS in the future:

 

 

December 31,  2025   2024 
Common stock warrants   2,269,356    2,269,356 
Common stock options and RSUs   2,299,218    1,808,718 
Unit Purchase Options   20,182    20,182 
Series B-2 convertible preferred stock   2,896,650    14,318,632 
Series B-3 convertible preferred stock   9,315,909    - 
Series C convertible preferred stock   17,153,187    - 
Series D convertible preferred stock   4,831,185    - 
Convertible notes   6,006,345    5,384,615 
Total   44,792,032    23,801,503