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Net Loss Per Share
12 Months Ended
Dec. 31, 2024
Net Loss Per Share  
Net Loss Per Share

(9) Net Loss Per Share

The Company has reported a net loss for the years ended December 31, 2024 and 2023, and the basic and diluted net loss per share attributable to common stockholders are the same for both years because all warrants and stock options have been excluded from the computation of diluted weighted-average shares outstanding because such securities would have an antidilutive impact.

The following table sets forth the computation of basic and diluted net loss per common share for the years ended December 31, 2024 and 2023:

Year Ended

December 31, 

    

2024

    

2023

Net loss per share – Basic:

  

 

  

Numerator

Net loss

$

(24,590,375)

$

(56,204,313)

Denominator

 

 

Weighted-average common shares outstanding, basic

12,182,475

9,023,138

Basic net loss per common share

$

(2.02)

$

(6.23)

Net loss per share – Diluted:

Numerator

Net loss

$

(24,590,375)

$

(56,204,313)

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

(3,625,893)

Numerator for diluted net loss per share

$

(28,216,268)

$

(56,204,313)

Denominator

Denominator for basic net loss per share

12,182,475

9,023,138

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

52,969

Denominator for diluted net loss per share

12,235,444

9,023,138

Diluted net loss per common share

$

(2.31)

$

(6.23)

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

December 31, 

    

2024

    

2023

Stock options

2,336,020

1,954,774

Warrants

2,400

1,202,400