| Schedule of Computation of Earnings (Loss) Per Basic and Diluted Share |
Following is the computation of loss per basic and diluted share: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended
June 30, | | Six Months Ended
June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | Net loss | $ | (11,115,971) | | | $ | (7,454,176) | | | $ | (20,382,052) | | | $ | (15,021,363) | | | Preferred stock dividend | (214,298) | | | - | | | (405,548) | | | - | | | | | | | | | | | Net loss attributable to Common Stockholders | $ | (11,330,269) | | | $ | (7,454,176) | | | $ | (20,787,600) | | | $ | (15,021,363) | | | Denominator: | | | | | | | | | Weighted average shares outstanding | 5,367,986 | | 402,876 | | 4,608,495 | | 392,105 | | | | | | | | | | Basic and diluted loss per share | $ | (2.11) | | | $ | (18.50) | | | $ | (4.51) | | | $ | (38.31) | | | | | | | | | | | Anti-dilutive securities excluded from shares outstanding: | | Stock options | 80 | | 169 | | 85 | | 205 | | Restricted and performance stock units | 7,077 | | 1,755 | | 4,204 | | 1,864 | | Warrants | 7,575 | | 7,576 | | 7,575 | | 7,576 | | Earnout shares | 2,894 | | 2,894 | | 2,894 | | 2,894 | | SeaTrepid earnout shares | - | | 83,944 | | - | | | 83,944 | | Convertible debt | 479,800 | | 110,871 | | 479,800 | | 110,871 | | Series A, B and C Convertible Preferred Stock | 3,175,802 | | 247,914 | | 3,175,802 | | 247,914 | | Total | 3,673,228 | | 455,123 | | 3,670,360 | | 455,268 |
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