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Net Loss per Common Share
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2025 and 2024, 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 and are each exercisable into one share of common stock at an exercise price of $0.0001 per share.

The following potentially dilutive securities have not been included in the computation of diluted net loss per share for the three and six months ended June 30, 2025 and 2024, as the result would be anti-dilutive:

June 30, 

June 30, 

(in thousands)

2025

2024

Stock Options

2,888

3,148

Restricted Stock Units

1,077

682

Warrants

21,272

21,319

Total shares excluded from calculation

25,237

25,149