v3.26.1
LOSS PER SHARE
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
LOSS PER SHARE

NOTE 11 — LOSS PER SHARE

 

Basic loss per share (“EPS”) is computed by dividing net loss including deemed dividends by the weighted-average number of common shares outstanding plus unexercised pre-funded warrants. Diluted EPS is computed based on the sum of the weighted-average number of common shares and potentially dilutive common shares outstanding during the period. Potentially dilutive common shares consist of shares issuable from preferred stock, convertible debt, stock options and warrants.

 

   2026   2025   2026   2025 
  

For the Three Months Ended

June 30,

  

For the Six Months Ended

June 30,

 
   2026   2025   2026   2025 
Net loss used for basic earnings per share  $(4,187,605)  $(1,687,003)  $(10,266,621)   (4,331,174)
Basic weighted-average common shares outstanding   20,286,192    1,683,881    14,030,150    1,570,925 
Dilutive potential shares issuable from preferred stock, convertible debt, stock options and warrants   —    —    —    — 
Diluted weighted-average common shares outstanding   20,286,192    1,683,881    14,030,150    1,570,925 

 

These potentially dilutive securities have been excluded from diluted net loss per share as of June 30, 2026 and 2025 because their effect would be anti-dilutive:

 

   2026   2025 
   As of June 30, 
   2026   2025 
Shares of common stock subject to outstanding options   —    1,570 
Shares of common stock subject to outstanding warrants (excluding pre-funded warrants)   528,371    88,187 
Shares of common stock subject to outstanding preferred stock   2,976,848    819,643 
Shares of common stock subject to outstanding convertible debt   —    34,737 
Total common stock equivalents   3,505,219    944,137