v3.26.1
Loss Per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Loss Per Share Loss Per Share
Basic net loss per share is computed by dividing the net loss after tax attributable to common stockholders by the weighted average shares outstanding during the period. Diluted net loss per share is computed by including potentially dilutive securities outstanding during the period in the calculation of weighted average shares outstanding. The Company did not have any dilutive securities during the periods presented; therefore, diluted net loss per share is equal to basic net loss per share.
Presented in the table below is a reconciliation of the numerator and denominator for the basic and diluted net loss per share calculations for the three and six months ended June 30, 2026 and 2025 (in thousands, except par value, share and per share amounts):
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Net loss $(10,153)$(19,196)$(18,532)$(23,858)
Basic and diluted weighted average shares outstanding 20,735,694 115,965 20,694,593 102,775 
Net loss attributable to common shareholders, basic and diluted $(0.49)$(165.53)$(0.90)$(232.13)
The following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive:
June 30, 2026June 30, 2025
Series Seed— 882,620 
Series A— 1,173,971 
Series B— 349,264 
Series C— 2,626,639 
Series D— 4,240,522 
Series E— 3,080,414 
Common options
2,613,353 1,716,821 
Common warrants
43,578 17,827 
Restricted stock units25,230 — 
Series Seed warrants
— — 
Series B warrants
— 13,102 
Series D warrants
— 130,736 
Total2,682,161 14,231,916