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Net Loss per Common Share
12 Months Ended
Dec. 31, 2024
Net Loss per Common Share  
Net Loss per Common Share

Note 9 – Net Loss per Common Share

The Company calculates net loss per common share in accordance with ASC 260 Earnings Per Share (“ASC 260”). Basic and diluted net loss per common share was determined by dividing net loss applicable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Under ASC 260, shares issuable for little or no cash consideration are considered outstanding common shares and included in the computation of basic net loss per share. As such, for the years ended December 31, 2024 and 2023, the Company included the Pre-Funded Warrants in its computation of net loss per share. The Pre-Funded Warrants were issued in April and June 2024 with an exercise price of $0.0001 per Pre-Funded Warrant (See “Note 8 – Equity” for additional information).

The following potentially dilutive securities have not been included in the computation of diluted net loss per share for the years ended December 31, 2024 and 2023, as the result would be anti-dilutive:

December 31, 

December 31, 

(in thousands)

2024

2023

Stock Options

2,943

3,250

Restricted Stock Units

864

671

Warrants

21,295

Total shares excluded from calculation

25,102

3,921