Three Months Ended

Six Months Ended

June 30,

2025

2024

2025

2024

Net loss per share – Basic:

Numerator

Net loss

$

(6,220,058)

$

(5,020,412)

$

(11,757,127)

$

(6,087,359)

Denominator

Weighted-average common shares outstanding, basic

19,486,231

11,307,759

18,464,877

10,966,412

Basic net loss per common share

$

(0.32)

$

(0.44)

$

(0.64)

$

(0.56)

Net loss per share – Diluted:

Numerator

Net loss

$

(6,220,058)

$

(5,020,412)

$

(11,757,127)

$

(6,087,359)

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

—

(10,761,000)

Numerator for diluted net loss per share

$

(6,220,058)

$

(5,020,412)

$

(11,757,127)

$

(16,848,359)

Denominator

Denominator for basic net loss per share

19,486,231

11,307,759

18,464,877

10,966,412

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

—

99,853

Denominator for diluted net loss per share

19,486,231

11,307,759

18,464,877

11,066,265

Diluted net loss per common share

$

(0.32)

$

(0.44)

$

(0.64)

$

(1.52)