| Schedule of Net Loss Attributable to Common Stockholders, Basic and Diluted EPS |
The details of our net loss attributable to common stockholders, basic and diluted EPS are set forth below:
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Three months ended June 30, |
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Six months ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Numerator: |
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Net loss |
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$ |
(5,714,861 |
) |
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$ |
(12,224,975 |
) |
|
$ |
(6,174,759 |
) |
|
$ |
(28,836,400 |
) |
Deemed dividend in connection with extinguishment of preferred stock through issuance of warrants |
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(1,573,312 |
) |
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— |
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(2,047,370 |
) |
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— |
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Reclassification of convertible preferred stock from mezzanine equity to liability |
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— |
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— |
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— |
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10,398,050 |
|
Deemed dividend in connection with modification of pre-funded warrants |
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— |
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— |
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— |
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(3,076,380 |
) |
Net loss attributable to common stockholders |
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$ |
(7,288,173 |
) |
|
$ |
(12,224,975 |
) |
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$ |
(8,222,129 |
) |
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$ |
(21,514,730 |
) |
Denominator: |
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Weighted-average shares outstanding — basic and diluted |
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4,996,301 |
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332,087 |
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3,981,615 |
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|
249,355 |
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Net loss per share — basic and diluted |
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$ |
(1.46 |
) |
|
$ |
(36.81 |
) |
|
$ |
(2.07 |
) |
|
$ |
(86.28 |
) |
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| Schedule of Calculating Diluted Earnings Per Share |
The following securities were outstanding during the period but were not included in the computation of diluted EPS because their effect would have been anti-dilutive:
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Three and Six Months Ended |
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2026 |
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2025 |
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December 2025 YA Warrants |
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751,505 |
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— |
|
February 2026 Offering Common Warrants |
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819,822 |
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— |
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February 2026 Offering Placement Agent Warrants |
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10,931 |
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— |
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2025 Offering Placement Agent Warrants |
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16,841 |
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— |
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Junior Note Warrants |
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4,306 |
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|
4,306 |
|
Public Warrants |
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|
2,094 |
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|
2,094 |
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June 2023 Senior Note Warrants |
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1,680 |
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|
1,680 |
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August 2024 Warrants Issued with Junior Notes |
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|
100 |
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|
100 |
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If-converted Common Stock from convertible notes |
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552,170 |
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116,723 |
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Stock options outstanding |
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1,250 |
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|
679 |
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Orbit Settlement Shares |
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250,501 |
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— |
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Unvested restricted stock units |
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— |
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13 |
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Total |
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2,411,200 |
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125,595 |
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