| Schedule of Basic and Diluted Loss Per Share |
The following table sets forth the computation
of basic and diluted loss per share:
| | |
Three Months Ended | |
| | |
March 31, | |
| | |
2026 | | |
2025 | |
| Numerator: | |
| | |
| |
| Net loss | |
$ | (4,351 | ) | |
$ | (4,998 | ) |
| Less: Cumulative preferred dividends | |
| (1,350 | ) | |
| (1,238 | ) |
| Net loss attributable to common stockholders, basic and diluted | |
$ | (5,701 | ) | |
| (6,236 | ) |
| | |
| | | |
| | |
| Denominator: | |
| | | |
| | |
| Weighted-average Class A Common Stock and pre-funded warrants outstanding, basic and diluted | |
| 68,934,960 | | |
| 21,326,609 | |
| Net loss per share attributable to common stockholders, basic and diluted | |
$ | (0.08 | ) | |
$ | (0.29 | ) |
|
The following table sets
forth the computation of basic and diluted loss per share:
| | |
Year Ended | |
| | |
December 31, | |
| | |
2025 | | |
2024 | |
| Numerator: | |
| | |
| |
| Net loss | |
$ | (23,756 | ) | |
$ | (20,795 | ) |
| Less: Induced conversion of Series A Preferred Stock into
Class A Common Stock | |
| - | | |
| (1,162 | ) |
| Less: Deemed dividend on waiver of restriction on Class
A Common Stock | |
| - | | |
| (495 | ) |
| Less: Cumulative preferred dividends | |
| (4,906 | ) | |
| (5,521 | ) |
| Net loss attributable to common stockholders,
basic and diluted | |
$ | (28,662 | ) | |
| (27,973 | ) |
| | |
| | | |
| | |
| Denominator: | |
| | | |
| | |
| Weighted-average Class A Common
Stock outstanding, basic and diluted | |
| 23,259,598 | | |
| 18,790,448 | |
| Net loss per share attributable to
common stockholders, basic and diluted | |
$ | (1.23 | ) | |
$ | (1.49 | ) |
|
| Schedule of Diluted Net Loss per Share Attributable to Stockholders |
Therefore, the weighted-average number of shares of Class
A Common Stock outstanding noted above used to calculate both basic and diluted net loss per share attributable to stockholders of Class
A Common Stock for these periods is the same.
| | |
Three Months Ended | |
| | |
March 31, | |
| | |
2026 | | |
2025 | |
| Stock options | |
| 3,094,473 | | |
| 2,295,904 | |
| Series A Preferred Stock (as converted to Class A Common Stock) | |
| 3,588,406 | | |
| 3,588,406 | |
| Publicly Traded Warrants | |
| 14,166,666 | | |
| 14,166,666 | |
| Shortfall Warrants | |
| 1,135,499 | | |
| 3,209,511 | |
| Term Loan Warrants | |
| 3,500,000 | | |
| 2,750,000 | |
| September 2025 Offering Warrants | |
| 5,868,336 | | |
| - | |
| October 2025 Offering Warrants | |
| 9,248,136 | | |
| - | |
| Series A Warrants & February 2026 Placement Agent Warrants | |
| 123,750,000 | | |
| - | |
|
Therefore, the weighted-average number of shares of Class
A Common Stock outstanding used to calculate both basic and diluted net loss per share attributable to stockholders of Class A Common
Stock for these periods is the same.
| | |
Year Ended | |
| | |
December 31, | |
| | |
2025 | | |
2024 | |
| Stock options | |
| 2,260,934 | | |
| 2,214,769 | |
| Series A Preferred Stock (as converted to Class A Common Stock) | |
| 3,588,406 | | |
| 3,588,406 | |
| Publicly traded warrants | |
| 14,166,666 | | |
| 14,166,666 | |
| Shortfall Warrants | |
| 1,135,499 | | |
| 3,209,511 | |
| Term Loan Warrants | |
| 3,500,000 | | |
| 2,000,000 | |
| September 2025 Offering Warrants | |
| 5,868,336 | | |
| - | |
| October 2025 Offering Warrants | |
| 9,248,136 | | |
| - | |
|