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Net Loss per Share
 9 Months Ended
Sep. 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 nine months ended September 30, 2024 compared to the three and nine months ended September 30, 2023:

Three Months Ended September 30, Nine Months Ended September 30,
2024202320242023
Numerator
Net loss attributable to controlling interests shareholders$(35,390,337)$(9,426,049)$(73,331,005)$(28,570,184)
Denominator
Total weighted average number of outstanding shares62,896,78253,517,65562,803,22045,485,650
Net loss per share – basic and diluted$(0.56)$(0.18)$(1.17)$(0.63)
The weighted average number of shares used to calculate the net loss per share – basic for the nine months ended September 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 63,881,246 and 63,809,450 for the three and nine months ended September 30, 2024, respectively, resulting in a net loss per share of $0.57 and $1.17, 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 63,905,198 as of November 1, 2024, including the 17,904 Class A Ordinary Shares issued pursuant to stock options exercised under the Equity Incentive plan subsequent to September 30, 2024.