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Note 14 - Net Loss Per Share
 9 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 14. Net Loss Per Share

 

The computation of basic and diluted net loss per share attributable to common stockholders for the three and nine months ended September 30, 2024 and 2023 was as follows:

 

  

Three Months Ended September 30,

  

Nine Months Ended September 30,

 

(in thousands, except share and per share data)

 

2024

  

2023

  

2024

  

2023

 

Numerator:

                

Net loss attributable to common stockholders

 $(7,986) $(2,418) $(25,851) $(39,331)

Denominator:

                

Weighted average common shares outstanding

  6,557,839   6,420,274   6,467,771   4,851,348 

Net loss per share attributable to common stockholders – basic and diluted

 $(1.22) $(0.38) $(4.00) $(8.11)

 

The following shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common stockholders for the three and nine months ended September 30, 2024 and 2023 because they were antidilutive, out-of-the-money, or the issuance of such shares is contingent upon certain conditions which were not satisfied by the end of the period:

 

  

Three Months Ended September 30,

  

Nine Months Ended September 30,

 
  

2024

  

2023

  

2024

  

2023

 

Convertible notes payable (see Note 8)

  

62,500

   

86,635

   

62,500

   

86,635

 

Common stock warrants (see Note 13)

  

5,271,604

   

5,271,604

   

5,271,604

   

5,271,604

 

Options to purchase common stock (see Note 11)

  

1,896,044

   

1,074,318

   

1,896,044

   

1,074,318

 

Unvested restricted stock awards (see Note 11)

  

37,441

   

39,486

   

37,441

   

39,486

 

Contingent earn-out shares (see Note 2)

  

329,628

   

329,628

   

329,628

   

329,628

 

Total shares excluded from diluted net loss per share

  

7,597,217

   

6,801,671

   

7,597,217

   

6,801,671