Loss Per Share

3 Months Ended

Mar. 31, 2026

7. 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. Diluted net loss per common share is computed by dividing the net loss available to common stockholders by the weighted average number of common shares and other potential common shares then outstanding. Potential common shares consist of common shares issuable upon the assumed exercise of in-the-money stock options and warrants and potential common shares related to the conversion of the preferred stock. The computation of diluted net loss per share does not assume the issuance of common shares that have an anti-dilutive effect on net loss per share.

Dilutive shares which could exist pursuant to the exercise of outstanding stock instruments and which were not included in the calculation because their affect would have been anti-dilutive are as follows:


	March 31, 2026	March 31, 2025
	(shares)	(shares)
Warrants to purchase shares of common stock	4,172,144	9,595,777
Options to purchase shares of common stock	7,207,593	7,999,758
Restricted stock units	518,158	536,520
Shares of common stock issuable upon conversion of convertible notes payable – related party	7,785,092	7,175,772
Shares of common stock issuable upon conversion of convertible line of credit – related party	33,642,982	25,515,956
Shares of common stock issuable upon conversion of preferred stock	490,840	499,174
	53,816,809	51,322,957