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Net Loss Per Share | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Net Loss Per Share | Net Loss Per Share Basic net loss per share is determined by dividing net loss by the weighted average shares of common stock outstanding during the period, without consideration of potentially dilutive securities, except for those shares that are issuable for little or no cash consideration. Diluted net loss per share is determined by dividing net loss by diluted weighted average shares outstanding. Diluted weighted average shares reflects the dilutive effect, if any, of potentially dilutive common shares, such as stock options, stock purchased pursuant to the Company’s employee stock purchase plan, convertible notes and warrants calculated using the treasury stock method. In periods with reported net operating losses, all common stock options and warrants are generally deemed anti-dilutive such that basic net loss per share and diluted net loss per share are equal. At December 31, 2024 and 2023, the Company had 1,341,375 and 1,037,792 pre-funded warrants outstanding, respectively. The following tables provides a reconciliation of the weighted average shares outstanding calculation for the year-ended December 31, 2024 and 2023.
|  |  | Year ended December 31,
|  |  |  |  | 2024 |  | 2023
Weighted average shares issued |  |  |  |  | 27,571,541 |  | 15,039,630
Weighted average pre-funded warrants |  |  |  |  | 939,852 |  | 1,190,301
Weighted average shares outstanding |  |  |  |  | 28,511,393 |  | 16,229,931
For the years ended December 31, 2024 and 2023 the following potentially dilutive securities were excluded from the computation of diluted earnings per share because their effects would be antidilutive:
| December 31,
| 2024 |  | 2023
Common stock warrants - equity | 1,851,900 |  | 3,627,409
Assumed conversion of preferred stock warrants | — |  |  | 4,149,994 |
Assumed conversion of preferred stock | 1,782,842 |  | 4,344,909
Assumed conversion of convertible notes | — |  |  | 488,031
Stock options | 5,766,927 |  | 4,183,232
Assumed conversion of ESPP shares | 35,513 |  | 21,140
Total | 9,437,182 |  | 16,814,715

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