Basic net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common shares outstanding for the period. During periods where we might earn net income, we would allocate to participating securities a proportional share of net income determined by dividing total weighted-average participating securities by the sum of the total weighted-average common shares and participating securities (the “two-class method”). Our preferred stock, if any, participates in any dividends declared by us and are therefore considered to be participating securities. Participating securities have the effect of diluting both basic and diluted earnings per share during periods of income. During periods where we incur net losses, we do not allocate a loss to participating securities because they have no contractual obligation to share in our losses.

We computed diluted loss per common share after giving consideration to the dilutive effect of stock options, restricted stock units ("RSUs"), performance stock units ("PSUs") and warrants that are outstanding during the period, as well as potential common shares issuable under our Employee Stock Purchase Plan ("ESPP"), except where such nonparticipating securities would be antidilutive. As we reported a net loss for the three and six months ended June 30, 2026 and June 30, 2025, diluted net loss per common share is the same as basic net loss per common share for these periods.


	Three Months Ended				Six Months Ended
	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Numerator:
Net loss	$	(9,187)	$	(8,288)	$	(7,648)	$	(18,663)
Undeclared dividends on Series A Preferred Stock	—		(714)		—		(1,426)
Net loss attributable to common stockholders	$	(9,187)	$	(9,002)	$	(7,648)	$	(20,089)

Denominator:
Weighted average common shares outstanding, basic	58,296,711		32,899,297		54,936,862		30,713,375
Dilutive awards outstanding	—		—		—		—
Weighted average common shares outstanding, diluted	58,296,711		32,899,297		54,936,862		30,713,375

Loss per share:
Basic	$	(0.16)	$	(0.27)	$	(0.14)	$	(0.65)
Diluted	$	(0.16)	$	(0.27)	$	(0.14)	$	(0.65)

The following potentially dilutive securities (in common stock equivalent shares) have been excluded from the computation of diluted loss per share because such securities have an antidilutive impact:


	Three Months Ended		Six Months Ended
	June 30, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Preferred stock	—	22,590,869	—	22,590,869
Common stock warrants	7,402,541	7,402,541	7,402,541	7,402,541
RSUs and PSUs	2,070,748	671,803	2,070,748	671,803
Stock options	9,189,434	5,434,039	9,189,434	5,434,039
Shares issuable under the SEPA	—	3,468,998	—	3,468,998
Shares issuable under ESPP	69,678	49,939	69,678	49,939
Total	18,732,401	39,618,189	18,732,401	39,618,189