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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Common Share Equivalents Included from Computation of Net Loss Per Share As the shares underlying these pre-funded warrants can be issued for little consideration (an exercise price per share equal to $0.001 per share), these shares are deemed to be issued for purposes of basic earnings per share.

The calculation of basic and diluted earnings per share for our common stock and Preferred Stock is as follows:

 

 

Year Ended
December 31,

 

 

 

2024

 

 

2023

 

 

 

(As Restated)

 

(In thousands, except share and per share data)

 

 

 

 

 

 

Weighted-average common shares outstanding, basic and diluted

 

 

48,543,787

 

 

 

24,619,197

 

Weighted-average shares outstanding of Series X and Series X1 non-voting convertible preferred stock, basic and diluted

 

 

114,508

 

 

 

118,268

 

 

 

 

 

 

 

 

Net loss used in the calculation of basic and diluted loss per share

 

$

(36,184

)

 

$

(116,537

)

 

 

 

 

 

 

 

Net loss available to common stock

 

$

(31,992

)

 

$

(91,987

)

Net loss per share, common stock, basic and diluted

 

$

(0.66

)

 

$

(3.74

)

 

 

 

 

 

 

 

Net loss available to Series X and Series X1 non-voting convertible preferred stock

 

$

(4,192

)

 

$

(24,550

)

Basic and diluted earnings per share of Series X and Series X1 non-voting convertible preferred stock

 

$

(36.61

)

 

$

(207.58

)

Summary of Common Share Equivalents were excluded because the Inclusion is Anti-dilutive The following table provides a summary as of December 31, 2024 and 2023 common share equivalents that were excluded because their inclusion would have been anti-dilutive.

 

 

Year Ended
December 31,

 

 

 

2024

 

 

2023

 

 

 

 

 

Stock options outstanding and other equity awards

 

 

6,007,789

 

 

 

14,909,155

 

Common and preferred warrants outstanding

 

 

18,567,751

 

 

 

18,577,332

 

Total

 

 

24,575,540

 

 

 

33,486,487