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Earnings Per Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 11 – EARNINGS PER SHARE

 

The computation of net loss per share is as follows (in thousands, except per share data):

 

   Three Months Ended
March 31,		 
   2026   2025 
Numerator:        
Net loss – basic and diluted  $(76,264)  $(2,369)
Denominator:          
Weighted average common shares outstanding – basic   21,300,374    353,933 
Loss per common share, basic and diluted  $(3.64)  $(5.54)

 

For the three months ended March 31, 2026, the weighted average common shares outstanding included 1,555,574 shares underlying pre-funded warrants with a nominal exercise price. 

 

The following potentially dilutive securities were excluded from the computation of diluted net loss per share because their inclusion would have been antidilutive:

 

   Three Months Ended
March 31,		 
   2026   2025 
         
Stock options   1,154,352    2,164 
Warrants   7,020,662    613,350 
Convertible debt, net of discount   
-
    
-
 
Total   8,175,014    615,514