| Schedule of Computation of Earnings (Loss) Per Basic and Diluted Share |
Following is the computation of loss per basic and diluted share: | | | | | | | | | | | | | | | | | Three months ended
March 31, | | | | 2026 | | 2025 | | | | | | Numerator: | | | | | | | | | Net loss | $ | (9,266,081) | | | $ | (7,567,187) | | | | | | | Preferred stock dividend | (191,250) | | | - | | | | | | | | | | | | | | | Net loss attributable to Common Stockholders | $ | (9,457,331) | | | $ | (7,567,187) | | | | | | | Denominator: | | | | | | | | | Weighted average shares used to compute basic LPS | 3,840,563 | | 381,215 | | | | | | | | | | | | | | | Basic and diluted loss per share | $ | (2.46) | | | $ | (19.85) | | | | | | | | | | | | | | | | Anti-dilutive securities excluded from shares outstanding: | | Stock options | 89 | | 241 | | | | | | Restricted and performance stock units | 1,331 | | 1,972 | | | | | | Warrants | 7,575 | | 7,576 | | | | | | Earnout shares | 2,894 | | 2,894 | | | | | | | | | | | | | | SeaTrepid earnout shares | - | | 83,944 | | | | | | Convertible debt | 328,448 | | 107,909 | | | | | | Series A, B and C Convertible Preferred Stock | 2,667,569 | | 268,916 | | | | | | Total | 3,007,906 | | 473,452 | | | | |
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