| Schedule of Reconciliation of Numerators and Denominators of Basic and Diluted Net Loss per Share |
The following is a reconciliation of the numerators and denominators of the basic and diluted net loss per share computations for the periods presented (in thousands, except for share and per share amounts):
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
March 31, |
|
|
|
2026 |
|
|
2025 |
|
Net loss attributable to common stockholders |
|
$ |
(17,740 |
) |
|
$ |
(10,653 |
) |
|
|
|
|
|
|
|
Share (denominator): |
|
|
|
|
|
|
Weighted average number of common shares outstanding used in basic computation |
|
|
918,935 |
|
|
|
821,160 |
|
Common shares issuable upon the exercise of stock options |
|
|
— |
|
|
|
— |
|
Common shares issuable upon conversion of redeemable convertible preferred stock and warrants on redeemable convertible preferred stock |
|
|
— |
|
|
|
— |
|
Weighted average number of common shares outstanding used in diluted computation |
|
|
918,935 |
|
|
|
821,160 |
|
|
|
|
|
|
|
|
Net loss attributable to common stockholders, per common share |
|
|
|
|
|
|
Basic |
|
$ |
(19.30 |
) |
|
$ |
(12.97 |
) |
Diluted |
|
$ |
(19.30 |
) |
|
$ |
(12.97 |
) |
|
| Summary of Converted Securities Excluded from Diluted Per Share |
The following table summarizes the as converted securities that were excluded from the diluted per share calculation because the effect of including these potential shares was anti-dilutive:
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
March 31, |
|
|
|
2026 |
|
|
2025 |
|
Series A redeemable convertible preferred stock |
|
|
402,239 |
|
|
|
402,239 |
|
Series B redeemable convertible preferred stock |
|
|
953,488 |
|
|
|
953,488 |
|
Series C redeemable convertible preferred stock |
|
|
391,042 |
|
|
|
391,042 |
|
Series D redeemable convertible preferred stock |
|
|
1,396,784 |
|
|
|
1,396,784 |
|
Series E redeemable convertible preferred stock |
|
|
8,597,145 |
|
|
|
8,597,145 |
|
Series F redeemable convertible preferred stock |
|
|
7,091,256 |
|
|
|
3,545,628 |
|
Warrants on redeemable convertible preferred stock |
|
|
364,390 |
|
|
|
364,390 |
|
Convertible notes payable |
|
|
3,333,324 |
|
|
|
— |
|
Common shares issuable upon the exercise of stock options |
|
|
4,382,879 |
|
|
|
3,196,660 |
|
Potentially dilutive securities |
|
|
26,912,547 |
|
|
|
18,847,376 |
|
|