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Net Loss Per Share

9 Months Ended

12 Months Ended

Sep. 30, 2024

Dec. 31, 2023

Net Loss Per Share [Abstract]

NET LOSS PER SHARE

NOTE 16 — NET LOSS PER SHARE

Net loss per common share has been computed on the basis of the weighted-average number of common shares outstanding during the nine months ended September 30, 2024, and 2023. Since the Company was in a loss position for the nine months ended September 30, 2024, and 2023, basic net loss per share was the same as diluted net loss per share for the period presented.

The following table sets forth the computation of (loss) earnings per share:

		For the three months ended								For the nine months ended
		September 30, 2024				September 30, 2023				September 30, 2024				September 30, 2023
Numerator
Net loss – basic and diluted		$	(1,859,906	)		$	(3,269,123	)		$	(8,978,129	)		$	(8,049,256	)

Denominator
Weighted average shares used to compute net loss per share, basic and diluted			6,030,259				3,880,433				5,928,460				3,599,266

Net loss per share – basic and diluted		$	(0.31	)		$	(0.84	)		$	(1.51	)		$	(2.23	)

The following potentially dilutive common shares related to outstanding securities for the nine months ended September 30, 2024, and 2023 were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the year, see below:

		For the nine months ended
		September 30, 2024		September 30, 2023
Warrants		2,777,647		1,218,558
Common Share options		815,974		836,932
ACI Canada legacy performance options		265,642		338,842
Convertible Debentures		431,514		—
Total anti-dilutive features		4,290,779		2,394,332

NOTE 15 — NET LOSS PER SHARE

Net loss per common share has been computed on the basis of the weighted-average number of common shares outstanding during the years ended December 31, 2023 and 2022. Since the Company was in a loss position for the years ended December 31, 2023 and 2022, basic net loss per share was the same as diluted net loss per share for the years presented.

The following table sets forth the computation of (loss) earnings per share:

		Years Ended December 31,
		2023				2022
Numerator
Net loss – basic and diluted		$	(13,763,658	)		$	(12,073,260	)

Denominator
Weighted average shares used to compute net loss per share, basic and diluted			3,774,219				2,718,888

Net loss per share – basic and diluted		$	(3.65	)		$	(4.44	)

The following potentially dilutive outstanding securities for the years ended December 31, 2023 and 2022 were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the year, see below:

		For the Years Ended
		December 31, 2023		December 31, 2022
Warrants		1,749,193		639,250
Common Share options		826 888		220,243
ACI Canada legacy performance options		272,842		380,842
Total anti-dilutive features		2,848,923		1,240,335