The
following table sets forth the computation of basic and diluted net loss per share (in thousands):
SCHEDULE
OF BASIC AND DILUTED NET LOSS PER SHARE
| | |
2026 | | |
2025 | |
| | |
For the Three Months Ended March 31, | |
| | |
2026 | | |
2025 | |
| Basic net loss per share: | |
| | |
| |
| Numerator | |
| | |
| |
| Net (loss) income from continuing operations | |
$ | (46,391 | ) | |
$ | 112 | |
| Net loss from discontinued operations | |
$ | - | | |
$ | (257 | ) |
| Net loss | |
$ | (46,391 | ) | |
$ | (145 | ) |
| Denominator | |
| | | |
| | |
| Basic weighted-average common shares outstanding | |
| 97,525 | | |
| 185 | |
| Basic net loss per share for continuing operations | |
$ | (0.48 | ) | |
$ | 0.61 | |
| Basic net loss per share for discontinued operations | |
$ | - | | |
$ | (1.39 | ) |
| Basic net loss per share, total | |
$ | (0.48 | ) | |
$ | (0.78 | ) |
| | |
| | | |
| | |
| Diluted net loss per share: | |
| | | |
| | |
| Numerator | |
| | | |
| | |
| Net loss from continuing operations | |
$ | (46,391 | ) | |
$ | 112 | |
| Net loss from discontinued operations | |
$ | - | | |
$ | (257 | ) |
| Net loss | |
$ | (46,391 | ) | |
$ | (145 | ) |
| Change in fair value of derivatives | |
$ | - | | |
$ | (230 | ) |
| Estimated loss on conversions | |
$ | - | | |
$ | (4,759 | ) |
| Change in fair value of convertible debenture warrants | |
$ | - | | |
$ | (2,561 | ) |
| Interest expense, amortization of debt discount and issuance costs of convertible debentures | |
$ | - | | |
$ | 902 | |
| Diluted net loss | |
$ | (46,391 | ) | |
$ | (6,793 | ) |
| Denominator | |
| | | |
| | |
| Number of shares used in basic net loss per share computation | |
| 97,525 | | |
| 185 | |
| Weighted-average effect of potentially dilutive securities: | |
| | | |
| | |
| Shares issuable from converted debentures | |
| - | | |
| 470 | |
| Conversions | |
| - | | |
| (12 | ) |
| Diluted weighted-average common shares outstanding | |
| 97,525 | | |
| 643 | |
| Diluted net loss per share for continuing operations | |
$ | (0.48 | ) | |
$ | (10.17 | ) |
| Diluted net loss per share for discontinued operations | |
$ | - | | |
$ | (0.40 | ) |
| Diluted net loss per share, total | |
$ | (0.48 | ) | |
$ | (10.57 | ) |
|