| Schedule of the Reconciliation of Basic and Diluted Loss Per Share |
The following table sets forth the reconciliation of basic and diluted loss per share for the three and six months ended June 30, 2026 and 2025 (in thousands except per share data):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Net loss |
|
$ |
(114,986 |
) |
|
$ |
(44,048 |
) |
|
$ |
(160,636 |
) |
|
$ |
(70,128 |
) |
Less: Net loss attributable to noncontrolling interest |
|
|
(1,486 |
) |
|
|
(1,740 |
) |
|
|
(3,866 |
) |
|
|
(1,740 |
) |
Deemed dividend for Vivasor preferred shares repurchase |
|
|
(1,229 |
) |
|
$ |
— |
|
|
|
(1,229 |
) |
|
|
— |
|
Deemed dividend for anti-dilution adjustments to Oramed Penny Warrants upon reverse stock-split |
|
|
— |
|
|
$ |
(43,753 |
) |
|
|
— |
|
|
|
(43,753 |
) |
Net loss for basic and diluted loss per share available to common stockholders |
|
$ |
(114,729 |
) |
|
$ |
(86,061 |
) |
|
$ |
(157,999 |
) |
|
$ |
(112,141 |
) |
Weighted average number of shares outstanding |
|
|
6,892 |
|
|
|
5,095 |
|
|
|
6,891 |
|
|
|
5,080 |
|
Weighted average Common Stock warrants exercisable for nominal consideration |
|
|
— |
|
|
|
6,500 |
|
|
|
— |
|
|
|
6,500 |
|
Weighted average number of shares, basic and diluted |
|
|
6,892 |
|
|
|
11,595 |
|
|
|
6,891 |
|
|
|
11,580 |
|
Loss per share |
|
|
|
|
|
|
|
|
|
|
|
|
Basic & diluted |
|
$ |
(16.65 |
) |
|
$ |
(7.42 |
) |
|
$ |
(22.93 |
) |
|
$ |
(9.68 |
) |
|
| Schedule of Potentially Dilutive Outstanding Securities were Excluded From the Computation of Diluted Net Loss Per Share |
The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
June 30, |
|
|
|
2026 |
|
|
2025 |
|
Stock options |
|
|
1,474,612 |
|
|
|
1,009,938 |
|
Retainer Shares |
|
|
399,999 |
|
|
|
399,999 |
|
Public Warrants |
|
|
156,115 |
|
|
|
156,220 |
|
Private Warrants |
|
|
28,572 |
|
|
|
28,572 |
|
Shares issuable under the ESPP |
|
|
1,645 |
|
|
|
21,713 |
|
Shares issuable under the SIPA |
|
|
8,571 |
|
|
|
8,571 |
|
February 2024 BDO Firm Warrants |
|
|
108,686 |
|
|
|
108,686 |
|
February 2024 BDO Representative Warrants |
|
|
13,446 |
|
|
|
13,446 |
|
April 2024 RDO Common Warrants |
|
|
— |
|
|
|
428,572 |
|
April 2024 RDO Placement Agent Warrants |
|
|
34,286 |
|
|
|
34,286 |
|
Deposit Warrants |
|
|
3,250,000 |
|
|
|
3,250,000 |
|
October 2024 Noteholder Warrants |
|
|
107,142 |
|
|
|
214,284 |
|
October 2024 Placement Agent Warrants |
|
|
104,848 |
|
|
|
104,848 |
|
December 2024 RDO Common Warrants |
|
|
537,294 |
|
|
|
1,642,871 |
|
StockBlock Warrants |
|
|
131,470 |
|
|
|
131,472 |
|
Shares issuable under Tranche B Notes |
|
|
327,555 |
|
|
|
914,822 |
|
Exchange Warrants |
|
|
500,000 |
|
|
|
— |
|
September 2025 Warrants |
|
|
275,000 |
|
|
|
— |
|
November 2025 Warrants |
|
|
1,356,594 |
|
|
|
— |
|
November 2025 Placement Agent Warrants |
|
|
72,352 |
|
|
|
— |
|
February 2026 Warrants |
|
|
100,000 |
|
|
|
— |
|
Total |
|
|
8,988,187 |
|
|
|
8,468,300 |
|
|