Net loss per common share is calculated in accordance with ASC 260, Earnings Per Share. Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period, including 1,799,970 shares underlying pre-funded warrants and 3,880,181 vested stock options that are exercisable for nominal consideration. Diluted net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding plus the dilutive effect of unvested restricted stock awards and outstanding warrants and options. The computation of diluted net loss per share does not include other potentially dilutive common stock equivalents in the weighted-average shares outstanding, as their effect would be anti-dilutive.

Securities that could potentially dilute loss per share in the future that were not included in the computation of diluted loss per share for the three and six months ended June 30, 2026 and 2025, are as follows:


	Three and Six Months Ended June 30,
	2026		2025
Common stock warrants		2,999,950		—
Unvested restricted stock awards		323,348		676,092
Unvested restricted stock units		2,599,815		—
Unvested stock options exercisable for nominal consideration		1,763,719		3,597,988
Stock options		3,780,865		242,064
		11,467,697		4,516,144