XML 27 R17.htm IDEA: XBRL DOCUMENT v3.23.2
Net Loss Per Share
 6 Months Ended
Jun. 30, 2023
Net Loss Per Share  
Net Loss Per Share

11. Net Loss Per Share

 

The Company has reported losses since inception and has computed basic net loss per share attributable to common stockholders by dividing net loss attributable to common stockholders by the weighted-average number of shares of Common Stock outstanding for the period, without consideration for potentially dilutive securities. The Company computes diluted net loss per share of Common Stock after giving consideration to all potentially dilutive shares of common stock, including options to purchase common stock and warrants to purchase common stock, outstanding during the period determined using the treasury-stock and if-converted methods, except where the effect of including such securities would be antidilutive. Because the Company has reported net losses since inception, these potential shares of Common Stock have been anti-dilutive and basic and diluted loss per share were the same for all periods presented.

The following table sets forth the computation of basic and diluted net loss per share for the three and six months ended June 30, 2023 and 2022:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$(4,286,346 )

 

$(827,170 )

 

$(7,901,424 )

 

$(1,684,758 )

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common stock outstanding, basic and diluted

 

 

29,796,065

 

 

 

27,109,754

 

 

 

29,535,060

 

 

 

25,798,098

 

Net loss per share, basic and diluted

 

$(0.14 )

 

$(0.03 )

 

$(0.27 )

 

$(0.07 )

 

The following table sets forth the potentially dilutive securities that have been excluded from the calculation of diluted net loss per share because to include them would be anti-dilutive:

 

 

 

As of June 30,

 

 

 

2023

 

 

2022

 

Options to purchase common stock

 

 

2,851,000

 

 

 

2,266,000

 

Warrants to purchase common stock

 

 

3,386,076

 

 

 

-

 

Restricted stock

 

 

6,867,562

 

 

 

2,100,000

 

Total shares of common stock equivalents

 

 

13,104,638

 

 

 

4,366,000