v3.26.1
Note 12 - Net Loss Per Share
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

12.

NET LOSS PER SHARE

 

Basic and diluted net loss per share is shown in the condensed consolidated statements of operations and comprehensive loss.

 

No adjustment has been made to the net loss for charges related to the Convertible Notes, Series A-1 Preferred Stock, and Warrants as the effect would be anti-dilutive due to the Company’s net loss. The following outstanding stock options, warrants, and shares issuable upon conversion of the Convertible Notes and the Series A-1 Preferred Stock were not considered in the computation of diluted net loss per share attributable to holders of common stock as they had antidilutive effects:

 

The 119,940 outstanding of the  May 2026 Options were included in the denominator for the calculation of basic EPS because they have a nominal exercise price.

 

  

Six Months Ended June 30,

 
  

2026

  

2025

 

Shares of common stock issuable upon exercise of common stock options

  131,797   156,646 

Shares of common stock issuable upon exercise of issued warrants

  1,030,422   - 

Shares of common stock issuable upon conversion of Convertible Notes

  -   389,270 

Shares of common stock issuable upon conversion of Series A-1 Preferred Stock

  -   792,378 

Total shares of common stock excluded from denominator for diluted earnings per share computation

  1,162,219   1,338,294