Net Loss Per Share Attributable to Common Stockholders

6 Months Ended

Jun. 30, 2026

Net Loss Per Share Attributable to Common Stockholders

14. Net Loss Per Share Attributable to Common Stockholders

The following table sets forth the computation of the basic and diluted net loss per share (in thousands, except share and per share amounts):


	Three Months Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025
Numerator:
Net loss attributable to common stockholders	$	(6,477	)	$	(9,903	)	$	(23,824	)	$	(13,328	)
Denominator:
Weighted-average shares outstanding subject to repurchase		2,475,898			2,429,130			2,468,343			2,423,315
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted		2,475,898			2,429,130			2,468,343			2,423,315
Net loss per share attributable to common stockholders, basic and diluted	$	(2.62	)	$	(4.08	)	$	(9.65	)	$	(5.50	)

Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share as the inclusion of all potential dilutive securities would have been anti-dilutive. Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:


	As of June 30,
	2026		2025
Convertible preferred stock on an as if converted basis		4,915,299		4,915,299
Options to purchase common stock		1,068,963		1,216,424
Common stock warrants		74,324		74,324
Convertible note payable(1)		1,055,054		1,161,478
Total		7,113,640		7,367,525

(1)

The conversion of the convertible note payable into common stock is dependent on the price of shares that may be issued in connection with an IPO, Special Purpose Acquisition Company transaction or Qualified Financing, as well

as the completion of such transactions. The number of shares herein is calculated based on the conversion of the convertible note’s outstanding principal and accrued and unpaid interest as of June 30, 2026 and 2025 into the Company’s common stock at the price of $35.83 per share.