v3.26.1
Basic and Diluted Loss Per Share
 6 Months Ended
Jun. 30, 2026
Basic and Diluted Loss Per Share [Abstract]  
BASIC AND DILUTED LOSS PER SHARE

NOTE 9 – BASIC AND DILUTED LOSS PER SHARE

 

Basic loss per share is computed on the basis of the net loss for the period divided by the weighted average number of shares of Common Stock outstanding during the period, fully vested warrants with no exercise price for the Company’s Common Stock, fully vested pre-funded warrants for the Company’s Common Stock at an exercise price of $0.01 per share and $0.0001 per share and A&R Warrants at an exercise price of $0.0001 per share, as the Company considers these shares to be exercised for little to no additional consideration.

 

Diluted loss per share is based upon the weighted average number of shares of Common Stock and of potential shares of Common Stock outstanding when dilutive. Potential shares of Common Stock equivalents include outstanding stock options and warrants, which are included under the treasury stock method when dilutive.

 

The basic and diluted net loss per share and weighted average number of shares of Common Stock used in the calculation of basic and diluted net loss per share are as follows:

 

    Three Months Ended
June 30,		     Six Months Ended
June 30,		  
    2026     2025(*)     2026     2025(*)  
Basic and diluted loss per share of common stock                        
Numerator:                        
Net loss     3,846       6,037       22,986       13,696  
Preferred dividends on Series Y Convertible Preferred Stock     -       -       85       -  
Numerator     3,846       6,037       23,071       13,696  
Denominator:                                
Number of shares of common stock outstanding     10,066,860       1,326,452       6,233,522       1,211,041  
Number of shares upon pre-funded warrants and A&R Warrants exercise     246,216       321,342       246,216       223,155  
Number of shares upon Fully vested Warrants exercise     -       16       -       16  
Total weighted-average number of shares of common stock, shares upon pre-funded warrants, A&R Warrants and Fully vested Warrants exercise used in computing basic and diluted loss per share     10,313,076       1,647,810       6,479,738       1,434,212  
Basic and diluted loss per share of common stock     0.37       3.66       3.56       9.55  

 

The calculation of diluted loss per share for the three and six months ended June 30, 2026 and June 30, 2025, does not include the shares underlying the following financial instruments because their effect would be anti-dilutive:

 

    Three Months Ended
June 30,		     Six Months Ended
June 30,		  
    2026     2025     2026     2025  
                         
Options     -       158,072       -       158,072  
Warrants     959,704       959,704       959,704       959,704  
Contingent shares     10,526       10,526       10,526       10,526  
Redeemable Convertible Preferred Shares     776,383       777,553       776,383       777,553  

 

(*) All share amounts have been retroactively adjusted to reflect a 1-for-19 reverse share split as discussed in Note 8A.