Loss per Share

12 Months Ended

Dec. 31, 2024

5. Loss per Share

The shares of the Company's common stock underlying the pre-funded warrants described in Note 15, are included in the weighted average outstanding common stock in the calculation of basic and diluted net loss per share. The Company considers Series A Warrants, and Series B Warrants to be participating securities, because holders of such instruments participate in the event a dividend is paid on common stock. The holders of the Series A Warrants and Series B Warrants do not have a contractual obligation to share in the Company’s losses. As such, losses are attributed entirely to common stockholders.

The following table sets forth the computation of basic and diluted net loss per share of common stock for the periods indicated, in thousands except share and per share data:


	For the Year Ended December 31,
	2024				2023
Basic and diluted net loss per share of common stock calculation:
Net loss		$	(12,978	)	$	(13,316	)
Change in fair value of warrants			(5,047	)		-
Net loss attributable to common stockholders - diluted		$	(18,025	)	$	(13,316	)

Weighted average shares of common stock outstanding - basic			6,640,251			3,140,925
Net loss per share of common stock - basic		$	(1.95	)	$	(4.24	)

Weighted average shares of common stock - diluted			7,700,774			3,140,925
Net loss per share of common stock - diluted		$	(2.34	)	$	(4.24	)

The following were excluded from the diluted loss per share calculation for the periods presented because their effect would be anti-dilutive:


	For the Year Ended December 31,
	2024		2023
Outstanding stock options		598,540		140,109
Preferred stock		28,190		28,190
Outstanding warrants		7,183,064		142,733
Total		7,809,794		311,032