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Net Loss per Share of Common Stock

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Net Loss per Share of Common Stock

Note 5 – Net Loss per Share of Common Stock

Net Loss Per Share

Basic net loss per share is computed by dividing our net loss available to common stockholders by the weighted average number of shares of common stock outstanding (which includes vested RSUs and unexercised pre-funded warrants) during the period. Diluted loss per share is computed by dividing our net loss available to common stockholders by the diluted weighted average number of shares of common stock (which includes the potentially dilutive effect of stock options, unvested RSUs and warrants) during the period. Since we experienced a net loss for both periods presented, basic and diluted net loss per share are the same. As such, diluted loss per share for the three and nine months ended September 30, 2025 and 2024 excludes the impact of potentially dilutive common shares since those shares would have an anti-dilutive effect on net loss per share.

The computation of net loss per share for the three and nine months ended September 30, 2025 and 2024 was as follows:

Schedule of Net Loss Per Share Basic and Diluted 

		2025				2024				2025				2024
		Three Months Ended September 30,								Nine Months Ended September 30,
		2025				2024				2025				2024
Basic and diluted net loss per share:
Net loss available to common stockholders		$	(3,436,573	)		$	(3,384,703	)		$	(10,204,896	)		$	(9,121,410	)
Weighted average number of common shares-basic and diluted			47,525,522				3,275,998				24,838,859				2,909,941
Basic and diluted net loss per share		$	(0.07	)		$	(1.03	)			(0.41	)		$	(3.13	)

		Three Months Ended September 30,								Nine Months Ended September 30,
		2025				2024				2025				2024
Weighted-average number of common shares outstanding – basic and diluted			47,202,268				3,118,029				24,611,454				2,767,647
Weighted-average number of vested RSUs– basic and diluted			323,254				157,969				227,405				142,294
Weighted-average number of common shares-basic and diluted			47,525,522				3,275,998				24,838,859				2,909,941

We have excluded the following potentially dilutive securities from the calculation of diluted net loss per share since they would have had an anti-dilutive effect:

Schedule of Dilutive Securities from the Calculation of Diluted Net Loss Per Share 

		2025				2024
		September 30,
		2025				2024
Stock options			2,747				2,747
Restricted stock units (unvested)			26,064				240,349
Warrants for common stock			40,059,370				1,775,784
Total			40,088,181				2,018,880

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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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