v3.26.3
Net Loss Per Share
 9 Months Ended
Sep. 30, 2026
Loss per share  
Net Loss Per Share

Note 10: Net Loss Per Share

 

The following table presents a reconciliation of basic and diluted net loss per share attributable to common stockholders:

  

             
   Three Months Ended September 30   Nine Months Ended September 30 
   2026   2025   2026   2025 
Numerator                    
Net loss for the period  $(8,194,770)  $(2,814,623)  $(14,330,492)  $(5,011,239)
Deemed dividends   -    -    (599,153)   - 
Net loss attributable to common stockholders  $(8,194,770)  $(2,814,623)  $(14,929,645)  $(5,011,239)
                     
Denominator                    
Weighted average number of shares, basic and diluted   14,033,907    12,696,060    13,589,342    12,555,317 
                     
Net loss per share, basic and diluted  $(0.58)  $(0.22)  $(1.10)  $(0.40)

 

Basic and diluted net loss per share are the same for all periods presented because the inclusion of potential common shares would be anti-dilutive due to the Company’s net loss position.

 

The Company’s potentially dilutive securities, including stock options (stock options to purchase 400,500 and 293,550 shares of Common Stock outstanding as of September 30, 2026, and 2025, respectively), RSUs (3,675 and 8,561 RSUs outstanding as of September 30, 2026, and 2025, respectively) and warrants (warrants to purchase nil and 1,740,992 shares of Common Stock outstanding as of September 30, 2026, and 2025, respectively), have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of shares of Common Stock outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same.