| LOSS PER SHARE |
LOSS PER SHARE The following table presents net loss per share of common stock – basic: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: Net loss | ($16,720,764) | | | ($7,044,919) | | | ($29,972,254) | | | ($11,085,202) | | Denominator: Weighted average number of basic shares of common stock | 123,986,712 | | 85,439,630 | | 120,268,751 | | 85,439,630 | | Basic and diluted loss per share of common stock | ($0.13) | | | ($0.08) | | | ($0.25) | | | ($0.13) | |
The following were excluded from diluted loss per share because the Company incurred net losses and their effect would be anti-dilutive. | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | # | | # | | # | | # | | Common Stock Warrants | 9,375,000 | | | 5,354,700 | | | 9,375,000 | | | 5,354,700 | | | Common Stock Options | 8,323,000 | | | 500,000 | | | 8,323,000 | | | 500,000 | | | Restricted Stock Units | 71,432 | | | — | | | 71,432 | | | — | | Convertible Notes Payable and Accrued Interest Convertible for $2.87 per share | — | | | 12,295,515 | | | — | | | 12,295,515 | | | Total | 17,769,432 | | | 18,150,215 | | | 17,769,432 | | | 18,150,215 | |
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