v3.26.1
Net Loss Per Share
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Net Loss Per Share
Note 11. Net Loss Per Share
Net loss per share is provided in accordance with ASC Sub-Topic 260-10, Earnings Per Share. Basic earnings per share is computed by dividing net loss for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings per share gives effect to all dilutive potential common shares outstanding during the period. It is computed by dividing undistributed earnings allocated to common stockholders for the period by the weighted average number of common shares outstanding during the period, plus the dilutive effect of outstanding preferred shares, options and unvested stock units, and warrants outstanding pursuant to the treasury stock method.
As the Company incurred a net loss for the three months ended March 31, 2026 and 2025, the inclusion of preferred stock, certain options, unvested stock units, warrants, convertible promissory notes, and contingent Sponsor Earnout Shares in the calculation of diluted earnings per share would be anti-dilutive and, accordingly, were excluded from the diluted loss per share calculation.
The following table summarizes potential common shares that were excluded as their effect is anti-dilutive:
Three Months Ended
March 31,
20262025
Options and unvested stock units outstanding129,067 252 
Warrants outstanding2,096,933 228,369 
Convertible promissory notes133,269 60,672 
Contingent Sponsor Earnout Shares116 116 
Total2,359,385 289,409