| Net Income (Loss) Per Share |
NOTE 11 — Net Income (Loss) Per
Share
The following table sets forth the computation
of the Company’s basic and diluted net loss per share. Share amounts for the periods ended June 30, 2025, have been adjusted retrospectively
for the Reverse Stock Split (in thousands of dollars):
Schedule of Computation of Basic and Diluted Net Loss Per Share
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended | | |
Six Months Ended | |
| | |
June 30, | | |
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Numerator: | |
| | |
| | |
| | |
| |
| Loss
from continuing operations | |
$ | (1,238 | ) | |
| (1,860 | ) | |
| (5,166 | ) | |
| (2,821 | ) |
| Income/(loss) from discontinued operation | |
| (9 | ) | |
| (5,615 | ) | |
| 10,259 | | |
| (4,196 | ) |
| Net income/(loss) | |
$ | (1,247 | ) | |
$ | (7,475 | ) | |
$ | 5,093 | | |
$ | (7,017 | ) |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted-average shares used in computing net loss per share, basic and diluted | |
| 1,350,914 | | |
| 528,367 | | |
| 1,308,227 | | |
| 426,962 | |
| Earnings (loss) per share – basic and diluted | |
| | | |
| | | |
| | | |
| | |
| Continuing operations | |
| (0.91 | ) | |
| (3.52 | ) | |
| (3.95 | ) | |
| (6.61 | ) |
| Discontinued operations | |
| (0.01 | ) | |
| (10.63 | ) | |
| 7.84 | | |
| (9.82 | ) |
| Net income (loss) per share, basic and diluted | |
$ | (0.92 | ) | |
$ | (14.15 | ) | |
$ | 3.89 | | |
$ | (16.43 | ) |
Because the Company had a net loss from continuing operations, it did
not disclose diluted earnings per share amounts for discontinued operations or for overall net income.
The potentially dilutive common shares that were
excluded from the calculation of diluted net loss per share because their effect would have been antidilutive are as follows. Share amounts
for the periods ended June 30, 2025, have been adjusted retroactively for the Reverse Stock Split.
Schedule of Dilutive Common Shares were Excluded from Calculation of Diluted
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended | | |
Six Months Ended | |
| | |
June 30, | | |
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Shares subject to options to purchase common stock | |
| 2,721 | | |
| 37,543 | | |
| 2,721 | | |
| 37,543 | |
| | |
| | | |
| | | |
| | | |
| | |
| Unvested restricted stock units | |
| 85,000 | | |
| — | | |
| 85,000 | | |
| — | |
| Shares subject to warrants to purchase common stock | |
| 62,979 | | |
| 50,000 | | |
| 62,979 | | |
| 50,000 | |
| Total | |
| 150,700 | | |
| 87,543 | | |
| 150,700 | | |
| 87,543 | |
|