| Net Loss Per Share |
(14)
Net Loss Per Share
Basic
net loss per share is calculated by dividing net loss attributable to common shareholders by the weighted-average number of common shares
and pre-funded warrants outstanding during the period. The following table set forth the computation of the basic and diluted net loss
per share for the three and six months ended June 30, 2026 and 2025:
Schedule of Net Loss Per Share Basic and Diluted
| | |
Three Months Ended June 30, 2026 | | |
Three Months Ended June 30, 2025 | | |
Six Months Ended June 30, 2026 | | |
Six Months Ended June 30, 2025 | |
| Numerator: | |
| | | |
| | | |
| | | |
| | |
| Net loss | |
$ | (5,870,264 | ) | |
$ | (4,983,261 | ) | |
$ | (15,182,353 | ) | |
$ | (8,835,939 | ) |
| Preferred share dividend | |
| - | | |
| - | | |
| (12,720 | ) | |
| - | |
| Net loss per share | |
| (5,870,264 | ) | |
| (4,983,261 | ) | |
| (15,195,073 | ) | |
| (8,835,939 | ) |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted average common shares outstanding | |
| 13,186,057 | | |
| 4,389,465 | | |
| 11,477,983 | | |
| 4,020,231 | |
| Net loss per share, basic and diluted | |
$ | (0.45 | ) | |
$ | (1.14 | ) | |
$ | (1.32 | ) | |
$ | (2.20 | ) |
Potentially
dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows
for the periods ended June 30, 2026 and 2025:
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
| | |
June 30, 2026 | | |
June 30, 2025 | |
| Stock options issued and outstanding | |
| 1,163,303 | | |
| 398,839 | |
| Common stock purchase warrants outstanding | |
| 2,620,963 | | |
| 833,684 | |
| Total | |
| 3,784,266 | | |
| 1,232,523 | |
|