NOTE
14 - NET LOSS PER SHARE OF COMMON STOCK
Basic
and diluted net loss per share of Common Stock (“EPS”) is computed by dividing (i) net loss (the “Numerator”),
by (ii) the weighted average number of shares of Common Stock outstanding during the period (the “Denominator”).
The
calculation of diluted EPS is also required to include the dilutive effect, if any, of stock options, unvested restricted stock awards,
convertible debt and Preferred Stock, and other Common Stock equivalents such as pre-funded warrants computed using the treasury stock
method, in order to compute the weighted average number of shares outstanding. As of June 30, 2026 and 2025, all Common Stock equivalents
were antidilutive.
Presented
below are the calculations of the Numerators and the Denominators for basic and diluted EPS (dollars in thousands, except per share amounts):
SCHEDULE
OF CALCULATIONS OF NUMERATORS AND DENOMINATORS FOR BASIC AND DILUTED EPS
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
For
the Three Months Ended
June
30, | | |
For
The Six Months Ended
June
30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Calculation of Numerator: | |
| | | |
| | | |
| | | |
| | |
| Net loss | |
$ | (5,523 | ) | |
| (5,013 | ) | |
$ | (13,274 | ) | |
| (8,877 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Loss
applicable to common stockholders | |
$ | (5,481 | ) | |
$ | (5,013 | ) | |
$ | (13,163 | ) | |
$ | (8,877 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Calculation of Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted average number
of shares of Common Stock outstanding | |
| 17,681,945 | | |
| 9,087,202 | | |
| 16,166,450 | | |
| 8,842,604 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net
loss per share of Common Stock (basic and diluted) | |
$ | (0.31 | ) | |
$ | (0.55 | ) | |
$ | (0.81 | ) | |
$ | (1.00 | ) |
As
of June 30, 2026 and 2025, the following potential Common Stock equivalents were excluded from the computation of diluted net loss per
share of Common Stock since the impact of inclusion was antidilutive (in thousands):
SCHEDULE OF COMMON STOCK EQUIVALENTS EXCLUDED FROM COMPUTATION OF DILUTED NET LOSS PER SHARE
| | |
June
30, 2026 | | |
June
30, 2025 | |
| |
| Common stock warrants | |
| 21,497 | | |
| 12,713 | |
| Restricted stock units | |
| 90 | | |
| - | |
| Common stock options | |
| 1,210 | | |
| 1,237 | |
| Total | |
| 22,797 | | |
| 13,950 | |
|