v3.26.1
Note 7 - Net Loss Per Share
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 7. Net Loss per Share

 

The Company calculates basic net loss per share by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by giving effect to all potential dilutive common stock equivalents outstanding during the period. For purposes of this calculation, options to purchase common stock and warrants converted into common stock are considered common stock equivalents. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted net loss per share.

 

The following outstanding equity instruments were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an anti-dilutive effect:

 

  

Three Months Ended March 31,

 
  

2026

  

2025

 

Warrants converted into common stock

  193,481   208,744 

Common stock options

  11,119,350   13,493,432 

Estimated shares issuable under the employee stock purchase plan

  31,577   26,532 

Restricted stock units

  200,000    

Total

  

11,544,408

   13,728,708