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LOSS PER COMMON SHARE
 3 Months Ended
Dec. 31, 2024
LOSS PER COMMON SHARE  
LOSS PER COMMON SHARE

H. LOSS PER COMMON SHARE

 

Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed using the treasury stock method. The Company’s potentially dilutive shares, which include outstanding common stock options, common stock warrants, unvested common stock and unvested restricted stock are not included in the computation of diluted net loss per share if their effect would be anti-dilutive.

 

The calculation of basic and diluted net loss per share includes 8,577,500 of the pre-funded warrants that remain outstanding as of December 31, 2024.

The following table provides a reconciliation of the numerators and denominators of the basic and diluted loss per-share computations:

 

 

 

Three Months

 

 

 

Ended December 31,

 

 

 

2024

 

 

2023

 

Loss per share – basic and diluted

 

 

 

 

 

 

Net loss available to common shareholders – basic and diluted

 

$(7,073,062)

 

$(6,709,524)

Weighted average shares outstanding – basic and diluted

 

 

65,325,855

 

 

 

48,470,600

 

Basic and diluted loss per common share

 

$(0.11)

 

$(0.14)

 

In accordance with the contingently issuable shares guidance of ASC 260, Earnings Per Share, the calculation of diluted net loss per share excludes the following securities because their inclusion would have been anti-dilutive as of December 31:

 

 

 

2024

 

 

2023

 

Options and Warrants

 

 

17,837,177

 

 

 

15,839,028

 

Unvested Common Stock

 

 

 1,000,000

 

 

 

 -

 

Unvested Restricted Stock

 

 

144,250

 

 

 

147,250

 

Total

 

 

18,981,427

 

 

 

15,986,278