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Net Loss Per Share
6 Months Ended
Jun. 30, 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

Six Months Ended

June 30, 

June 30, 

    

2024

    

2023

    

2024

    

2023

Net loss per share – Basic:

 

 

  

  

 

  

Numerator

Net loss

$

(5,020,412)

$

(9,537,122)

$

(6,087,359)

$

(19,274,303)

Denominator

 

Weighted-average common shares outstanding, basic

11,307,759

8,951,309

10,966,412

8,575,239

Basic net loss per common share

$

(0.44)

$

(1.07)

$

(0.56)

$

(2.25)

Net loss per share – Diluted:

Numerator

Net loss

$

(5,020,412)

$

(9,537,122)

$

(6,087,359)

$

(19,274,303)

Less: gain from change in fair value applicable to dilutive liability-classified warrants

(10,761,000)

Numerator for diluted net loss per share

$

(5,020,412)

$

(9,537,122)

$

(16,848,359)

$

(19,274,303)

Denominator

Denominator for basic net loss per share

11,307,759

8,951,309

10,966,412

8,575,239

Plus: incremental shares underlying “in the money” liability-classified warrants outstanding

99,853

Denominator for diluted net loss per share

11,307,759

8,951,309

11,066,265

8,575,239

Diluted net loss per common share

$

(0.44)

$

(1.07)

$

(1.52)

$

(2.25)

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

June 30,

    

2024

    

2023

Stock options

2,254,747

1,709,150

ELOC shares remaining

1,317,491

Warrants

 

2,400

2,400