Basic and diluted net loss per share attributable to common stockholders was calculated as follows:


	Three months ended June 30						Six months ended June 30
	2026			2025			2026			2025
Numerator:
Net loss attributable to common stockholders	$	(9,225,387	)	$	(9,525,924	)	$	(16,764,074	)	$	(16,192,384	)
Denominator:
Weighted-average common shares outstanding - basic and diluted		63,963,513			44,555,095			61,997,795			44,983,198
Net loss per share attributable to common shareholders - basic and diluted	$	(0.14	)	$	(0.21	)	$	(0.27	)	$	(0.36	)

Common stock warrants in the amount of 297,029 issued to our financial advisor, H.C. Wainwright & Co., LLC (“Wainwright”), were not outstanding as shares of common stock as of June 30, 2026, but, they are included in the weighted-average common shares outstanding – basic and diluted, as if they were considered outstanding, as the $0.01 exercise price is economically equivalent to issued shares.

The Company’s potential dilutive securities have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. For the three months ended June 30, 2026 and 2025, the Company excluded the following potential common shares from the computation of diluted net loss per share attributable to common stockholders for the period because including them would have had an anti-dilutive effect:


	As of June 30
	2026		2025
Stock options issued and outstanding		19,093,740		6,506,070
Unvested restricted stock units		57		114
Warrants		31,991,776		12,129,635
Total		51,085,573		18,635,819