v3.26.1
Net Loss per Share (Tables)
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Loss per Share of Common Stock

The following table sets forth the computation of basic and diluted net loss per share of common stock for the years ended December 31, 2025 and 2024 (in thousands, except share and per share data):

 

 

 

Year ended December 31,

 

 

 

2025

 

 

2024

 

Net loss

 

$

(25,205

)

 

$

(63,102

)

Weighted average common shares used in computing net loss per share, basic
   and diluted
(1)

 

 

8,045,145

 

 

 

358,229

 

Net loss per share, basic and diluted

 

$

(3.13

)

 

$

(176.15

)

 

(1)
Included within weighted average common shares outstanding for the years ended December 31, 2025 and 2024 are 113,430 and 114,004, respectively, common shares issuable upon the exercise of warrants with nominal exercise pricing. Per ASC 260, Earnings Per Share, the warrants are exercisable at any time for nominal consideration, and as such, the shares are considered outstanding for the purpose of calculating basic and diluted net loss per share attributable to common stockholders.
Schedule of Potentially Dilutive Shares Excluded From Calculation of Diluted Net Loss Per Share

The following common stock equivalents, presented based on amounts outstanding at each period end, have been excluded from the calculation of diluted net loss per share because including them would have an antidilutive effect (in thousands):

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Redeemable convertible preferred stock

 

 

 

 

 

2,799

 

Restricted stock - unvested

 

 

7

 

 

 

6

 

Common stock warrants

 

 

3

 

 

 

3

 

Stock options

 

 

2,588

 

 

 

457

 

Total common stock equivalents

 

 

2,598

 

 

 

3,265