v3.26.1
Net Loss Per Share
 6 Months Ended
Jun. 30, 2026
Loss per share  
Net Loss Per Share

Note 10: Net Loss Per Share

 

The following table provides reconciliation of net loss per share of common stock:

  

             
   Three Months Ended June 30   Six Months Ended June 30 
   2026   2025   2026   2025 
Numerator                
Net loss for the period  $(4,205,542)  $(905,020)  $(6,135,722)  $(2,196,616)
Deemed dividends   (599,153)   -    (599,153)   - 
Net loss attributable to common stockholders  $(4,804,695)  $(905,020)  $(6,734,875)  $(2,196,616)
                     
Denominator                    
Weighted average number of shares, basic and diluted   13,414,299    12,509,273    13,363,375    12,483,779 
                     
Net loss per share, basic and diluted  $(0.36)  $(0.07)  $(0.50)  $(0.18)

 

The basic and diluted net loss per share are the same as the Company is in a net loss position.

 

The Company’s potentially dilutive securities, including stock options (stock options to purchase 429,500 and 293,550 shares of common stock outstanding as of June 30, 2026, and 2025, respectively), RSUs (9,100 and 7,124 RSUs outstanding as of June 30, 2026, and 2025, respectively) and warrants (warrants to purchase nil and 1,740,992 shares of common stock outstanding as of June 30, 2026, and 2025, respectively), have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of shares of common stock outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same.