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Net Loss Per Share

3 Months Ended

Mar. 31, 2024

Net Loss Per Share

Net Loss Per Share

(9) Net Loss Per Share

The Company analyzes the potential dilutive effect of stock options and warrants under the treasury stock method (as applicable), during periods of income, or during periods in which income is recognized related to changes in fair value of its liability-classified securities.

The following table sets forth the computation of basic and diluted net loss per common share:

​

​	​	​	​	​	​	​
​	​	Three Months Ended
​	​	March 31,
​		2024			2023
Net loss per share – Basic:		​	​		​
Numerator	​	​	​	​	​	​
Net loss	​	$	(1,066,947)	​	$	(9,737,181)
Denominator	​	​	​	​	​	​
Weighted-average common shares outstanding, basic	​	​	10,625,065	​	​	8,194,990
Basic net loss per common share	​	$	(0.10)	​	$	(1.19)
​	​	​	​	​	​	​
Net loss per share – Diluted:	​	​	​	​	​	​
Numerator	​	​	​	​	​	​
Net loss	​	$	(1,066,947)	​	$	(9,737,181)
Less: gain from change in fair value applicable to dilutive liability-classified warrants	​	​	(6,698,692)	​	​	—
Numerator for diluted net loss per share	​	$	(7,765,639)	​	$	(9,737,181)
Denominator	​	​	​	​	​	​
Denominator for basic net loss per share	​	​	10,625,065	​	​	8,194,990
Plus: Incremental shares underlying “in the money” liability-classified warrants outstanding	​	​	199,706	​	​	—
Denominator for diluted net loss per share	​	​	10,824,771	​	​	8,194,990
Diluted net loss per common share	​	$	(0.72)	​	$	(1.19)

​

Potentially dilutive securities, whose effect would have been antidilutive, were excluded from the computation of diluted earnings per share for each of the three months ended March 31, 2024 and 2023. Total antidilutive securities that were excluded from the computation of diluted weighted-average shares outstanding were as follows:

​

​	​	​	​	​
​	​	March 31,
​		2024		2023
Stock options	​	1,954,774	​	1,686,292
Warrants		2,400	​	2,400

​

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-3

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