Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2026

Net Loss Per Share

Schedule of basic and diluted net loss per share

The following table sets forth the computation of basic and diluted net loss per common share:


			Three Months Ended
			March 31,
			2026			2025
Net loss per share – Basic:
Numerator
Net loss			$	(17,606,382)		$	(5,537,069)
Denominator
Weighted-average common shares outstanding, basic				27,847,884			17,431,234
Basic net loss per common share			$	(0.63)		$	(0.32)

Net loss per share – Diluted:
Numerator
Net loss			$	(17,606,382)		$	(5,537,069)
Numerator for diluted net loss per share			$	(17,606,382)		$	(5,537,069)
Denominator
Denominator for basic net loss per share				27,847,884			17,431,234
Denominator for diluted net loss per share				27,847,884			17,431,234
Diluted net loss per common share			$	(0.63)		$	(0.32)

Schedule of shares excluded from the computation of diluted weighted-average shares outstanding

Potentially dilutive securities, whose effect would have been antidilutive, were excluded from the computation of diluted earnings per share for each of the three months ended March 31, 2026 and 2025. Total antidilutive securities that were excluded from the computation of diluted weighted-average shares outstanding were as follows:


		March 31,
		2026		2025
Stock options		2,237,419		2,336,020
Warrants		5,841,870		5,558,333
Restricted stock		—		25,000