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Net Loss Per Share Attributable to Common Stockholders
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Net Loss Per Share Attributable to Common Stockholders Net Loss Per Share Attributable to Common Stockholders
Basic and diluted net loss per share attributable to common stockholders was calculated at September 30, 2025 and September 30, 2024 as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Numerator:
Net loss$(14,964,875)$(14,597,366)$(44,444,888)$(42,985,123)
Denominator - basic and diluted:
Weighted-average common shares outstanding, basic and diluted39,670,09529,841,88337,077,04129,622,670
Net loss per share - basic and diluted$(0.38)$(0.49)$(1.20)$(1.45)
The weighted average number of common shares used in the basic and diluted net loss per common share calculations includes the weighted-average pre-funded warrants outstanding during the period as they are exercisable at any time for nominal cash consideration. There were 1,077,764 Pre-Funded Warrants outstanding at September 30, 2025.
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 (in common stock equivalent shares) at September 30, 2025 and September 30, 2024:
20252024
Options to purchase common stock8,326,1936,596,403
Purchase Warrants2,848,096–
Total shares of common stock equivalents11,174,2896,596,403