v3.26.1
Basic and Diluted Loss Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Basic and Diluted Loss Per Share

Note 4 – Basic and Diluted Loss Per Share

 

The weighted average number of shares used to calculate basic and diluted loss per share for the six-month and three-month periods ended June 30, 2026, and 2025 were as follows:

                    
   Six Months Ended June 30,   Three Months Ended June 30, 
   2026   2025   2026   2025 
Class A common stock   802,133    543,984    797,395    565,650 
Class B common stock   190    4,913    190    4,913 
Total   802,323    548,897    797,585    570,563 

 

 

The following table presents the reconciliation of net loss attributable to common shareholders to net loss used in computing basic and diluted net loss per share of common stock:

                     
Schedule of reconciliation of net loss per share  Three Months Ended   Six Months Ended 
(in thousands, except share and per share data)  June 30, 2026   June 30, 2025   June 30, 2026   June 30, 2025 
Numerator:                
Net loss  $(1,731)  $(2,186)  $(4,505)  $(4,201)
   Less: Deemed dividend (1)   (122)   (961)   (571)   (1,262)
Net loss attributable to common shareholders - basic and diluted  $(1,853)  $(3,147)  $(5,076)  $(5,463)
                     
Denominator:                    
Weighted average shares of common stock outstanding - basic and diluted   797,585    570,563    802,323    548,897 
                     
Net loss per share attributable to common shareholders                    
   Basic and Diluted  $(2.32)  $(5.52)  $(6.33)  $(9.95)

 

(1) Represents deemed dividends on the Company’s convertible preferred shares, as described below.

 

As of June 30, 2026 and 2025, approximately 17,100 and 17,900 shares, respectively, issuable upon the exercise or conversion of stock options, convertible preferred stock, and warrants outstanding were excluded from the calculation of diluted loss per share because such amounts were antidilutive.