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Net Loss per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Net Loss per Share Net Loss per Share
The following table sets forth the loss per share calculations for the three and six months ended June 30, 2024 compared to the three and six months ended June 30, 2023:

Three Months Ended June 30, Six Months Ended June 30,
2024202320242023
Numerator
Net loss attributable to controlling interests shareholders$(24,267,012)$(10,139,279)$(37,940,668)$(19,144,135)
Denominator
Total weighted average number of outstanding shares62,874,63743,718,46462,755,92541,403,084
Net loss per share – basic and diluted$(0.39)$(0.23)$(0.60)$(0.46)
The weighted average number of shares used to calculate the net loss per share – basic for the six months ended June 30, 2024 excludes Class C Ordinary Shares as they do not carry economic rights.
If the ML Parties elected to convert all of their MoonLake AG Common Shares into Class A Ordinary Shares as of January 1, 2024, the weighted average number of shares outstanding would have been 63,869,904 and 63,773,158 for the three and six months ended June 30, 2024, respectively, resulting in a net loss per share of $(0.39) and $(0.61), respectively. Upon conversion, all Class C Ordinary Shares would be forfeited and there would no longer be any noncontrolling interests.
Upon conversion, the Company's number of Class A Ordinary Shares outstanding would be 63,883,904 as of August 1, 2024, including the 14,000 Class A Ordinary Shares issued pursuant to stock options exercised subsequent to June 30, 2024 (please refer to Note 17 - Subsequent Events for more information).