| Net Loss per Share |
16.
Net Loss per Share
Basic
net loss per common share is calculated by dividing net loss by the weighted average number of common shares outstanding during the period.
Diluted net loss per common share is calculated by dividing net loss by the diluted weighted average number of common shares outstanding
during the period. The diluted shares include the dilutive effect of stock-based awards based on the treasury stock method. In periods
where a net loss is recorded, no effect is given to potentially dilutive securities, since the effect would be anti-dilutive.
The
following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to common stockholders
(in thousands, except share and per share data):
Schedule of Basic and Diluted Net Loss per Share Attributable to Common Stockholders
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended | | |
Six Months Ended | |
| | |
June 30, | | |
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Net loss | |
$ | (604 | ) | |
$ | (5,324 | ) | |
$ | (5,356 | ) | |
$ | (9,527 | ) |
| Weighted average common shares outstanding, basic and diluted | |
| 12,923,710 | | |
| 9,351,557 | | |
| 12,306,944 | | |
| 9,108,091 | |
| Net loss per share, basic and diluted | |
$ | (0.05 | ) | |
$ | (0.57 | ) | |
$ | (0.44 | ) | |
$ | (1.05 | ) |
The
following table sets forth the securities that were anti-dilutive for diluted EPS for the periods presented but which could potentially
dilute EPS in the future:
Schedule of Anti-dilutive Securities Excluded from Computation of Earnings per Share
| | |
2026 | | |
2025 | |
| | |
June 30, | |
| | |
2026 | | |
2025 | |
| Common stock warrants | |
| 2,269,356 | | |
| 2,269,356 | |
| Common stock options and RSUs | |
| 3,095,468 | | |
| 1,740,679 | |
| Unit Purchase Options | |
| 20,182 | | |
| 20,182 | |
| Series B convertible preferred stock | |
| 11,795,724 | | |
| 13,047,642 | |
| Series C convertible preferred stock | |
| 15,533,724 | | |
| - | |
| Series D convertible preferred stock | |
| 4,831,185 | | |
| - | |
| Convertible notes | |
| 6,009,921 | | |
| 5,716,926 | |
| Total | |
| 43,555,560 | | |
| 22,794,785 | |
| Anti-dilutive securities | |
| 43,555,560 | | |
| 22,794,785 | |
|