| Schedule of Reconciliation of Basic and Diluted Weight Average Share Used in Computing Net Income (Loss) per Share |
The following table presents the reconciliation of basic and diluted weighted-average share used in computing net income (loss) per share (in thousands, except share and per share).
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Numerator |
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Net income (loss) available to common stockholders |
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1,339 |
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(1,135 |
) |
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(1,996 |
) |
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(3,465 |
) |
Add: |
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Interest expenses and change in fair value of conversion feature derivative, notes payable |
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486 |
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— |
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— |
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— |
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Adjusted net income (loss) to compute diluted EPS |
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1,825 |
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(1,135 |
) |
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(1,996 |
) |
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(3,465 |
) |
Denominator: |
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Weighted-average common shares outstanding - basic |
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70,188,263 |
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63,865,571 |
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70,188,263 |
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63,865,571 |
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Add: |
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Convertible notes |
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50,348,985 |
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— |
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— |
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— |
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Weighted-average common shares - diluted |
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120,537,248 |
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63,865,571 |
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70,188,263 |
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63,865,571 |
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Net income (loss) per share - basic |
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0.02 |
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(0.02 |
) |
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(0.03 |
) |
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(0.05 |
) |
Net income (loss) per share - diluted |
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0.02 |
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(0.02 |
) |
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(0.03 |
) |
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(0.05 |
) |
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| Schedule of Anti-dilutive Shares Excluded From Computation of Earnings Per Share |
The following shares were not included in diluted shares because the effect would be anti-dilutive.
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
|
Stock options |
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4,011,276 |
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4,640,812 |
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4,291,523 |
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4,687,246 |
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Warrants |
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1,000,000 |
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4,405,220 |
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1,000,000 |
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4,514,503 |
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Convertible notes |
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— |
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39,558,571 |
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50,348,985 |
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39,558,571 |
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Total anti-dilutive instrument |
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5,011,276 |
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48,604,603 |
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55,640,508 |
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48,760,320 |
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