The weighted-average number of common stock and common stock equivalent shares used in the calculation of basic and diluted net loss per share were as follows:


	Three Months Ended June 30, 2026		Three Months Ended June 30, 2025		Six Months Ended June 30, 2026		Six Months Ended June 30, 2025
Numerator:
Net loss	$	(3,417,785)	$	(1,627,935)	$	(11,132,736)	$	(9,913,724)

Denominator:
Average common shares outstanding – basic *	28,001,802		28,000,000		28,000,906		28,000,000
Average common shares outstanding, – diluted	28,001,802		28,000,000		28,000,906		28,000,000

Net loss per common share – basic and diluted	$	(0.12)	$	(0.06)	$	(0.40)	$	(0.35)

*Weighted-average shares outstanding includes vested restricted stock awards from the date of vesting.