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Note 11 - Net Loss Per Share
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

11.

NET LOSS PER SHARE

 

The following table sets forth the basic and diluted net loss per share attributable to common stockholders for the periods presented (in thousands, except share amounts and per share data):

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common stockholders

 

$(10,022)

 

$(9,270)

 

$(18,367)

 

$(17,286)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - Basic

 

 

45,915,091

 

 

 

19,125,970

 

 

 

45,414,113

 

 

 

18,137,050

 

Weighted average common shares outstanding - Diluted

 

 

45,915,091

 

 

 

19,125,970

 

 

 

45,414,113

 

 

 

18,137,050

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share attributable to common stockholders - Basic and Diluted

 

$(0.22)

 

$(0.48)

 

$(0.40)

 

$(0.95)

 

Due to net losses for the three and six months ended June 30, 2026 and 2025, basic and diluted net loss per share were the same, as the effect of all potentially dilutive securities would have been anti-dilutive. The following table sets forth the anti-dilutive common share equivalents for the periods listed:

 

 

 

Six months ended June 30,

 

 

 

2026

 

 

2025

 

Common stock options issued and outstanding

 

 

118,363

 

 

 

131,142

 

Unvested restricted stock units

 

 

5,138,846

 

 

 

747,470

 

Warrants

 

 

611,110

 

 

 

1,124,706

 

Common Stock Purchase Agreements

 

 

37,908,218

 

 

 

27,572,156

 

Conversion of convertible note

 

 

113,932

 

 

 

1,790,955

 

ESPP

 

 

48,743

 

 

 

18,513

 

Total

 

 

43,939,212

 

 

 

31,384,942