| NET LOSS PER SHARE |
NOTE 14 - NET LOSS PER SHARE
The following table provides the computation of
the basic and diluted net loss per share during the three and six months ended June 30, 2026 and 2025 (in thousands, except share
and per share data):
| | |
Three Months Ended June 30, | |
| | |
2026 | | |
2025 | |
| Numerator: | |
| | |
| |
| Net loss | |
$ | (12,765 | ) | |
$ | (3,225 | ) |
| Less: Cumulative dividends on Series A preferred stock | |
| (59 | ) | |
| — | |
| Net loss - attributed to common stockholders | |
$ | (12,824 | ) | |
$ | (3,225 | ) |
| Denominator: | |
| | | |
| | |
| Weighted average shares used in computing net loss per share, basic and diluted | |
| 2,506,295 | | |
| 1,058,412 | |
| | |
| | | |
| | |
| Net loss per share, basic and diluted | |
$ | (5.12 | ) | |
$ | (3.05 | ) |
| | |
Six Months Ended June 30, | |
| | |
2026 | | |
2025 | |
| Numerator: | |
| | |
| |
| Net loss | |
$ | (17,770 | ) | |
$ | (8,403 | ) |
| Less: Cumulative dividends on Series A preferred stock | |
| (155 | ) | |
| — | |
| Net loss - attributed to common stockholders | |
$ | (17,925 | ) | |
$ | (8,403 | ) |
| Denominator: | |
| | | |
| | |
| Weighted average shares used in computing net loss per share, basic and diluted | |
| 2,087,639 | | |
| 1,013,122 | |
| | |
| | | |
| | |
| Net loss per share, basic and diluted | |
$ | (8.59 | ) | |
$ | (8.29 | ) |
The potential shares of Common Stock that were
excluded from the computation of diluted net loss per share for the three and six months ended June 30, 2026 and 2025 because including
them would have been antidilutive are as follows:
| | |
Six Months Ended June 30, | |
| | |
2026 | | |
2025 | |
| Shares subject to conversion of Series A preferred stock | |
| 779,247 | | |
| — | |
| Shares subject to conversion of Series C preferred stock | |
| 23,551,502 | | |
| — | |
| Shares subject to conversion of Series D preferred stock | |
| 30,227,050 | | |
| — | |
| Shares subject to options to purchase common stock | |
| 8,755,418 | | |
| 105,068 | |
| Shares subject to options to purchase restricted stock units | |
| 5,749,777 | | |
| 83,645 | |
| Shares subject to warrants to purchase common stock | |
| 438,547 | | |
| 448,681 | |
| Total | |
| 69,501,541 | | |
| 637,394 | |
|