| Net Loss Per Share |
9.
Net Loss Per Share
The
following table summarizes the computation of the basic and diluted net loss per share:
Summary of Basic and Diluted Net Loss Per Common Share
| | |
2025 | | |
2026 | | |
2025 | | |
2026 | |
| | |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| | |
2025 | | |
2026 | | |
2025 | | |
2026 | |
| Numerator: | |
| | |
| | |
| | |
| |
| Net loss | |
$ | (1,927,730 | ) | |
$ | (5,219,231 | ) | |
$ | (4,124,606 | ) | |
$ | (1,746,751 | ) |
| Equity dividend to investor | |
| (10,153,799 | ) | |
| (10,154,642 | ) | |
| (10,153,799 | ) | |
| (11,643,114 | ) |
| Net loss attributable to Common Stockholders | |
$ | (12,081,529 | ) | |
$ | (15,373,873 | ) | |
$ | (14,278,405 | ) | |
$ | (13,389,865 | ) |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted-average common shares outstanding, basic and diluted | |
| 296,686 | | |
| 1,327,966 | | |
| 241,417 | | |
| 1,117,350 | |
| Net loss per share, basic and diluted | |
$ | (40.72 | ) | |
$ | (11.58 | ) | |
$ | (59.14 | ) | |
$ | (11.98 | ) |
The
following table summarizes the outstanding warrants provision to participate in distribution of earnings. For the three and six months
ended June 30, 2025 and 2026, these securities were excluded in the calculation for distribution of net loss:
Summary of Outstanding Warrants Provision to Participate in Distribution of Earnings
| | |
June 30, | |
| | |
2025 | | |
2026 | |
| November 2024 warrants | |
| 27,988 | | |
| — | |
| May 2025 warrants | |
| 223,714 | | |
| — | |
| Warrants from Debt Conversion | |
| 21,099 | | |
| 21,099 | |
| November 2025 warrants | |
| — | | |
| 503,402 | |
| Potentially participating warrants | |
| 272,801 | | |
| 524,501 | |
The
following table summarizes the outstanding potentially dilutive securities. For the three and six months ended June 30, 2025 and 2026,
these securities were excluded in the calculation of diluted net loss per share because their inclusion would be anti-dilutive:
Summary of Outstanding Potentially Dilutive Securities
| | |
June 30, | |
| | |
2025 | | |
2026 | |
| Common stock options | |
| 7,391 | | |
| 7,342 | |
| Common stock warrants | |
| 272,801 | | |
| 1,411,879 | |
| Potentially dilutive securities | |
| 280,192 | | |
| 1,419,221 | |
|