v3.26.1
Net Loss per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Loss per Share

11. Net Loss per Share

 

The following table sets forth the computation of basic and diluted net loss per common share attributable to stockholders: 

                    
   Three Months Ended June 30,   Six Months Ended June 30, 
   2026   2025   2026   2025 
Numerator:                    
Net income (loss) attributable to common stockholders, basic  $(1,835)  $2,700   $(3,145)  $1,930 
Series D preferred stock dividend   (227)   –    (227)   – 
Effect of potentially dilutive securities:                    
After-tax interest expense on convertible notes   –    14    –    14 
Net income (loss) attributable to common stockholders  $(2,062)  $2,714   $(3,372)  $1,944 
Denominator:                    
Weighted-average common shares outstanding, basic   186,174,045    51,776,206    179,284,550    47,154,964 
Effect of potentially dilutive securities:                    
Convertible notes   –    14,500,000    –    7,250,000 
Restricted stock   –    –    –    3,513,362 
Weighted-average common shares outstanding, diluted   186,174,045    66,276,206    179,284,550    57,918,326 
                     
Net income (loss) per share attributable to common stockholders,                    
Basic  $(0.01)  $0.05   $(0.02)  $0.04 
Diluted  $(0.01)  $0.04   $(0.02)  $0.03 

 

The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated, since their inclusion would be anti-dilutive: 

                    
   Three Months Ended June 30,   Six Months Ended June 30, 
   2026   2025   2026   2025 
Series C Preferred Shares   11,983,000    –    11,983,000    – 
Series D Preferred Shares   34,677,751    –    34,677,751    – 
Senior Secured Notes, including accrued interest   168,184    140,612    168,184    140,612 
Convertible Notes, excluding accrued interest   75,000,000    –    75,000,000    – 
Warrants to purchase common stock   85,063,587    62,549,982    85,063,587    62,549,982 
Stock options to purchase common stock   50,843,036    1,103,451    50,843,036    1,103,451 
Unvested Shares   1,129,630    1,129,630    1,129,630    1,129,630 
Restricted stock   –    65,000,000    –    – 
Restricted stock units   25,000    25,000    25,000    25,000 
Anti-dilutive shares   258,890,188    129,948,675    258,890,188    64,948,675