Basic and diluted net loss per share were the same for the three months ended March 31, 2026 and March 31, 2025 as all potentially dilutive securities were excluded from the computation of diluted net loss per share as their effect would have been anti-dilutive. The following table sets forth the computation of the basic and diluted net loss per share (in thousands except per share amounts):


	For the three months ended
	March 31, 2026		March 31, 2025
Basic net loss per share
Numerator:
Net loss	$	(8,989)	$	(1,591)
Preferred stock dividends	(548)		(548)
Income allocated to participating securities	—		—
Net loss attributable to common stockholders, basic and diluted	$	(9,537)	$	(2,139)
Denominator:
Weighted-average number of shares outstanding used to compute net loss per share attributable to common stockholders, basic	8,359,379		7,232,097
Net loss per share, basic and diluted	$	(1.14)	$	(0.30)

Dilutive shares which could exist pursuant to the exercise of outstanding stock instruments, and which were not included in the calculation because their effect would have been anti-dilutive are as follows:


	For the three months ended
	March 31, 2026	March 31, 2025
Stock Options	14,472,651	12,181,326
RSUs	1,302,838	—
Warrants for Common Stock	1,536,142	1,670,554
Convertible Preferred Stock	68,987,988	62,425,315
Total	86,299,619	76,277,195