Net Loss Per Share

6 Months Ended

Jun. 30, 2025

11. Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except share and per share amounts):


	Three Months Ended June 30,								Six Months Ended June 30,
		2025				2024				2025				2024
Numerator:
Net loss	$		(5,956	)	$		(3,954	)	$		(10,998	)	$		(3,824	)
Denominator
Basic and diluted
Weighted-average common shares outstanding, basic and diluted			13,971,990				10,746,802				13,742,942				10,106,300
Weighted-average pre-funded warrants outstanding, basic and diluted			306,506				306,506				306,506				269,456
Weighted-average placement agent warrants outstanding, basic and diluted			75,745				75,745				75,745				66,029
Weighted-average lender warrants outstanding, basic and diluted			641,163								435,707				—
Weighted-average number of shares used to calculate basic and diluted net loss per share			14,995,404				11,129,053				14,560,900				10,441,785

Net loss per share - basic and diluted	$		(0.40	)	$		(0.36	)	$		(0.76	)	$		(0.37	)

The following outstanding potentially dilutive shares have been excluded from the calculation of diluted net loss per share due to their anti-dilutive effect:


	As of June 30,
	2025		2024
Stock options to purchase common stock		4,779,095		2,140,954
Restricted stock units		40,000		—
Warrants to purchase common stock		3,611,531		5,654,299
Total		8,430,626		7,795,253