| Schedule of Reconciles Net Loss and the Weighted Average Shares Outstanding |
The following table reconciles net loss and the weighted average shares outstanding for the basic calculation to the net loss and the weighted average shares outstanding for the diluted calculation for the periods indicated: | | | For the
Three Months Ended | | | For the
Six Months Ended | | | | | June 30,
2026 | | | June 30,
2025 | | | June 30,
2026 | | | June 30,
2025 | | | Numerator, diluted: | | | | | | | | | | | | | | Net loss | | $ | (8,789,740 | ) | | $ | (13,199,228 | ) | | $ | (15,267,758 | ) | | $ | (14,924,301 | ) | | Adjustment for gain in fair value of CAD option liabilities | | | - | | | | - | | | | (361,924 | ) | | | - | | | Adjusted numerator, diluted | | $ | (8,789,740 | ) | | $ | (13,199,228 | ) | | $ | (15,629,682 | ) | | $ | (14,924,301 | ) | | | | | | | | | | | | | | | | | | | | Denominator, diluted: | | | | | | | | | | | | | | | | | | Weighted average common stock outstanding | | | 21,774,104 | | | | 16,020,702 | | | | 21,768,115 | | | | 16,020,015 | | | Dilutive effect of CAD options | | | - | | | | - | | | | 111,247 | | | | - | | | Weighted average dilutive common stock | | | 21,774,104 | | | | 16,020,702 | | | | 21,879,362 | | | | 16,020,015 | | | Net loss per share, diluted | | $ | (0.40 | ) | | $ | (0.82 | ) | | $ | (0.71 | ) | | $ | (0.93 | ) |
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| Schedule of Potentially Dilutive Common Shares Related to Outstanding Securities |
The following potentially dilutive common shares related to outstanding securities for the three and six months ended June 30, 2026 and 2025 were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive: | | | For the
Three Months Ended | | | For the
Six Months Ended | | | | | June 30,
2026 | | | June 30,
2025 | | | June 30,
2026 | | | June 30,
2025 | | | Warrants | | | 3,494,962 | | | | 3,632,630 | | | | 3,494,962 | | | | 3,632,630 | | | Common Stock options | | | 2,547,480 | | | | 2,101,696 | | | | 2,122,848 | | | | 2,101,696 | | | ACI Canada legacy performance options | | | 229,642 | | | | 265,642 | | | | 229,642 | | | | 265,642 | | | Total anti-dilutive features | | | 6,272,084 | | | | 5,999,968 | | | | 5,847,452 | | | | 5,999,968 | |
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