Loss Per Share

12 Months Ended

Dec. 31, 2025

11.

Loss Per Share

Basic net loss per common share is computed by dividing the net loss available to common stockholders by the weighted average number of common shares outstanding during the period. For the years ended December 31, 2025 and 2024, as the Company was in a net loss position, the diluted loss per share computations for such periods did not assume the exercise of warrants and stock options or the conversion of Convertible Notes, or the conversion of convertible preferred stock as they would have had an anti-dilutive effect on loss per share.

The following potentially dilutive securities have been excluded from the computations of diluted weighted average shares outstanding as of December 31, 2025 and 2024 as the inclusion thereof would have been anti-dilutive:



	Year Ended December 31,
	2025 (Shares)		2024 (Shares)
Warrants to purchase shares of common stock		4,172,144		9,595,940
Options to purchase shares of common stock		6,572,509		6,854,758
Shares of common stock issuable upon conversion of convertible notes payable – related party		7,631,297		7,024,053
Shares of common stock issuable upon conversion of convertible line of credit – related party		33,103,415		25,103,873
Restricted stock vesting in January 2026		334,000		—
Shares of common stock issuable upon conversion preferred stock		495,007		499,174
		52,308,372		49,077,798