Basic and Diluted Net Income (Loss) per Common Share (Tables)

6 Months Ended

Jun. 30, 2026

Below are basic and diluted loss per share data for the three months ended June 30, 2026, which are in thousands except for share and per share data:

	Basic Calculation			Effect of Dilutive Warrant Securities			Diluted Calculation
Numerator:
Net loss	$	(2,706	)	$	(1	)	$	(2,707	)
Deemed dividend – warrant modification		(926	)		-			(926	)
Net loss attributable to common stockholders	$	(3,632	)	$	(1	)	$	(3,633	)

Denominator:
Number of shares used in per common share calculations:		4,849,080			490			4,849,570

Net loss per common share:
Net loss	$	(0.56	)	$	(1.17	)	$	(0.56	)
Deemed dividend – warrant modification		(0.19	)		-			(0.19	)
Net loss attributable to common stockholders	$	(0.75	)	$	(1.17	)	$	(0.75	)

Below are basic and diluted loss per share data for the six months ended June 30, 2026, which are in thousands except for share and per share data:

	Basic Calculation			Effect of Dilutive Warrant Securities			Diluted Calculation
Numerator:
Net loss	$	(5,527	)	$	(2	)	$	(5,529	)
Deemed dividend – warrant modification		(926	)		-			(926	)
Net loss attributable to common stockholders	$	(6,453	)	$	(2	)	$	(6,455	)

Denominator:
Number of shares used in per common share calculations:		4,433,861			754			4,434,615

Net loss per common share:
Net loss	$	(1.25	)	$	(2.45	)	$	(1.25	)
Deemed dividend – warrant modification		(0.21	)		-			(0.21	)
Net loss attributable to common stockholders	$	(1.46	)	$	(2.45	)	$	(1.46	)

Below are basic and diluted loss per share data for the three months ended June 30, 2025, which are in thousands except for share and per share data:

	Basic Calculation			Effect of Dilutive Warrant Securities		Diluted Calculation
Numerator:
Net loss	$	(2,318	)	$	-	$	(2,318	)
Deemed dividend – warrant modification		-			-		-
Net loss attributable to common stockholders	$	(2,318	)	$	-	$	(2,318	)

Denominator:
Number of shares used in per common share calculations:		2,535,120			-		2,535,120

Net loss per common share:
Net loss	$	(0.91	)	$	-	$	(0.91	)
Deemed dividend – warrant modification		-			-		-
Net loss attributable to common stockholders	$	(0.91	)	$	-	$	(0.91	)

Below are basic and diluted loss per share data for the six months ended June 30, 2025, which are in thousands except for share and per share data:

	Basic Calculation			Effect of Dilutive Warrant Securities			Diluted Calculation
Numerator:
Net loss	$	(4,610	)	$	(2	)	$	(4,612	)
Deemed dividend – warrant modification		-			-			-
Net loss attributable to common stockholders	$	(4,610	)	$	(2	)	$	(4,612	)

Denominator:
Number of shares used in per common share calculations:		2,156,032			191			2,156,223

Net loss per common share:
Net loss	$	(2.14	)	$	(10.47	)	$	(2.14	)
Deemed dividend – warrant modification		-			-			-
Net loss attributable to common stockholders	$	(2.14	)	$	(10.47	)	$	(2.14	)