NOTE
10 — Net Income (Loss) Per Share
The
following table sets forth the computation of the Company’s basic and diluted net loss per share. Share and per share amounts for
the periods ended March 31, 2026 and 2025, have been adjusted retrospectively for the Reverse Stock Split. The numerator amounts are in thousands of dollars.
Schedule of Computation of Basic and Diluted Net Loss Per Share
| | |
2026 | | |
2025 | |
| | |
Three Months Ended | |
| | |
March 31, | |
| | |
2026 | | |
2025 | |
| Numerator: | |
| | | |
| | |
| Loss from continuing operations | |
$ | (3,928 | ) | |
$ | (961 | ) |
| Net income from discontinued operations | |
| 10,268 | | |
| 1,419 | |
| Net income | |
$ | 6,340 | | |
$ | 458 | |
| Denominator: | |
| | | |
| | |
| Weighted-average shares used in computing net loss per
share, basic and diluted | |
| 1,265,067 | | |
| 324,431 | |
| Earnings (loss) per share – basic and diluted | |
| | | |
| | |
| Continuing operations | |
$ | (3.11 | ) | |
$ | (2.96 | ) |
| Discontinued operations | |
| 8.12 | | |
| 4.37 | |
| Net earnings per share, basic and diluted | |
$ | 5.01 | | |
$ | 1.41 | |
Because
we had a net loss from continuing operations, we did not disclose diluted earnings per share amounts for discontinued operations or for overall net income.
Redeemable shares
are excluded from the earnings (loss) per share calculation.
The
potentially dilutive common shares that were excluded from the calculation of diluted net income per share because their effect would have
been antidilutive are as follows. Share amounts for the periods ended March 31, 2026 and 2025, have been adjusted retroactively for the
applicable Reverse Stock Split.
Schedule of Dilutive Common Shares were Excluded from Calculation of Diluted
| | |
2026 | | |
2025 | |
| | |
Three Months Ended | |
| | |
March 31, | |
| | |
2026 | | |
2025 | |
| Shares subject to options to purchase common stock | |
| 26,077 | | |
| 40,010 | |
| Unvested and unissued restricted stock units | |
| 85,000 | | |
| — | |
| Shares subject to warrants to purchase common stock | |
| 62,979 | | |
| 19,444 | |
| Total | |
| 174,056 | | |
| 59,454 | |
|