v3.26.1
NET LOSS PER SHARE
6 Months Ended
Jun. 30, 2026
NET LOSS PER SHARE  
NET LOSS PER SHARE

NOTE 5: NET LOSS PER SHARE

Basic loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding during the reporting period. Diluted loss per common share is computed similarly to basic loss per common share except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue common stock were exercised or converted into common stock.

The following table sets forth the computation of net loss per share for the three and six months ended June 30, 2026 and 2025, respectively:

  ​ ​ ​

For the Three Months Ended

 

For the Six Months Ended

June 30, 

 

June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​ ​

2026

  ​ ​ ​

2025

Numerator:

Net loss

$

(1,826,229)

$

(4,015,564)

$

(5,005,507)

$

(8,461,748)

Denominator:

 

 

 

 

Weighted average common shares outstanding, basic

 

19,314,742

 

13,956,562

 

19,314,742

 

12,539,169

Weighted average common shares outstanding, diluted

 

19,314,742

 

13,956,562

 

19,314,742

 

12,539,169

Net loss per share:

 

 

 

 

Net loss per share, basic and diluted

$

(0.09)

$

(0.29)

$

(0.26)

$

(0.67)

The calculation of weighted-average shares outstanding includes the impact of the Company’s pre-funded warrants.

The following securities, rounded to the nearest thousand, were not included in the diluted net loss per share calculation because their effect was anti-dilutive for the periods presented:

For the Six Months Ended

June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Common stock options

1,792,878

709,261

Common stock purchase warrants

5,031,250

5,031,250

Potentially dilutive securities

6,824,128

5,740,511