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Net Loss per Share (Tables)
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Net Loss Per Share

Basic and diluted net loss per share was calculated as follows:

 

 

Year Ended December 31,

 

 

2024

 

 

2023

 

 

 

(Restated)

 

 

(Restated)

 

Numerator:

 

 

 

 

 

 

Net loss (in thousands)

 

$

(7,198

)

 

$

(82,817

)

Cumulative undeclared dividends to participating securities (Legacy Series D
   convertible preferred stock)

 

 

 

 

 

(1,697

)

Net loss attributable to common stockholders

 

$

(7,198

)

 

$

(84,514

)

Denominator:

 

 

 

 

 

 

Basic and diluted weighted-average common stock outstanding

 

 

2,247,164

 

 

 

1,423,275

 

Net loss per share attributable to common stockholders, basic and diluted

 

$

(3.20

)

 

$

(59.38

)

 

Summary of Dilutive Securities Excluded from Computation of Basic and Diluted Net Loss Per Common Share

The Company’s potentially dilutive securities have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:

 

 

Year Ended December 31,

 

 

2024

 

 

2023

 

Outstanding options to purchase Common Stock

 

 

265,772

 

 

 

155,441

 

Restricted Stock Units

 

 

104,500

 

 

 

25,745

 

Warrants to purchase Common Stock

 

 

767,697

 

 

 

16,151

 

Shares of Common Stock issued upon the exercise of Public Warrants

 

 

750,383

 

 

 

750,394

 

Earn-Out Shares

 

 

360,000

 

 

 

360,000

 

Convertible notes (as converted to common stock)

 

 

2,532,336

 

 

 

 

Total

 

 

4,780,688

 

 

 

1,307,731