| Net earnings/(loss) per Share of Common Stock |
Note 3. Net earnings/(loss) per Share of Common Stock The table below presents the computation of basic and diluted (losses)/net earnings per common share: | | | | | | | | | Year ended | | | December 31, | | | 2025 | | 2024 | Basic numerator: | | | | | | | Net loss attributable to XWELL, Inc. | | $ | (16,991) | | $ | (16,853) | Less: preferred stock dividends | | | (509) | | | — | Less: preferred stock accretion | | | (4,000) | | | — | Less: deemed dividend on warrant exchange | | | (2,334) | | | | Less: deemed dividend on Exchange of Series G Preferred Stock | | | (4,399) | | | | Net loss attributable to common shareholders | | $ | (28,233) | | $ | (16,853) | Basic denominator: | | | | | | | Basic weighted average shares outstanding | | | 5,560,015 | | | 4,610,940 | Basic loss per share | | $ | (5.08) | | $ | (3.66) | | | | | | | | Net loss per share data presented above excludes from the calculation of diluted net loss, the following potentially dilutive securities, having an anti-dilutive impact, in case of net loss | | | | | | | Both vested and unvested options to purchase an equal number of shares of Common Stock | | | 921,267 | | | 539,799 | Unvested RSUs to issue an equal number of shares of Common Stock | | | 55,000 | | | 30,000 | Series A and Series B warrants to purchase shares of Common Stock | | | 9,045,000 | | | — | Series G Convertible Preferred Stock on an as converted basis | | | 379,640 | | | — | Convertible notes payable on an as converted basis | | | 4,303,880 | | | — | Total number of potentially dilutive securities excluded from the calculation of loss per share attributable to common shareholders | | | 14,704,787 | | | 569,799 |
In accordance with ASC 260, 35,000 RSUs that were fully vested on December 31, 2025 were included in basic and dilutive earnings per share as there were no remaining contingencies for these shares to be issued as of December 31, 2025.
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