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Net Loss per Common Share
3 Months Ended
Mar. 31, 2025
Net Loss per Common Share  
Net Loss per Common Share

Note 8 – Net Loss per Common Share

The Company calculates net loss per common share in accordance with ASC Topic 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 three months ended March 31, 2025, the Company included its outstanding 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.

The following potentially dilutive securities have not been included in the computation of diluted net loss per share for the three months ended March 31, 2025 and 2024, as the result would be anti-dilutive:

March 31, 

March 31, 

(in thousands)

2025

2024

Stock Options

2,888

3,250

Restricted Stock Units

987

857

Warrants

21,272

Total shares excluded from calculation

25,147

4,107