| SCHEDULE OF RECONCILIATION OF NET LOSS |
The
below table is a reconciliation of net loss to net loss attributable to common stockholders. Given the Company’s net loss, basic
and diluted net loss per share are the same.
SCHEDULE OF RECONCILIATION OF NET LOSS
| | |
2026 | | |
2025 | |
| | |
Three months ended June 30, | |
| | |
2026 | | |
2025 | |
| Net loss | |
$ | (5,761,940 | ) | |
$ | (5,503,979 | ) |
| Series A preferred stock cumulative dividend | |
| (19,562 | ) | |
| (24,931 | ) |
| Series C preferred stock cumulative dividend | |
| (58,274 | ) | |
| (112,192 | ) |
| Net loss attributable to common stockholders | |
$ | (5,839,776 | ) | |
$ | (5,641,102 | ) |
| | |
2026 | | |
2025 | |
| | |
Six months ended June 30, | |
| | |
2026 | | |
2025 | |
| Net loss | |
$ | (11,208,195 | ) | |
$ | (15,871,040 | ) |
| Series A preferred stock cumulative dividend | |
| (69,425 | ) | |
| (49,863 | ) |
| Series C preferred stock cumulative dividend | |
| (282,658 | ) | |
| (224,384 | ) |
| Preferred stock dividend | |
| (282,658 | ) | |
| (224,384 | ) |
| Net loss attributable to common stockholders | |
$ | (11,560,278 | ) | |
$ | (16,145,287 | ) |
|
| SCHEDULE OF ANTI-DILUTIVE NET LOSS PER SHARE |
The
Company excluded the following potential shares from the computation of diluted net loss per share because including them would have
had an anti-dilutive effect:
SCHEDULE OF ANTI-DILUTIVE NET LOSS PER SHARE
| | |
2026 | | |
2025 | |
| | |
June 30, | |
| | |
2026 | | |
2025 | |
| Outstanding RSUs (a) | |
| 73,736 | | |
| 71,249 | |
| Restricted Stock | |
| 571,979 | | |
| 571,979 | |
| Warrants | |
| 359,500 | | |
| 359,500 | |
| Earnout Shares | |
| 490,000 | | |
| 490,000 | |
| Total | |
| 1,495,215 | | |
| 1,492,728 | |
| (a) |
As
of June 30, 2026 there were an additional 13,712 RSUs that had vested but had not been legally settled into common stock and therefore
were included in the basic net loss per share. |
|