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Net Income (Loss) Per Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share

NOTE 9 — Net Income (Loss) Per Share

 

The dilutive effect of outstanding RSUs and other contingently issuable shares is reflected in diluted net income per share by application of the treasury stock method. The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share. Amounts for the three months ended March 31, 2024, have been adjusted retrospectively for the Reverse Stock Split.

 

   2025   2024 
   Three Months Ended 
   March 31, 
   2025   2024 
Numerator:          
Net income (loss)  $458   $(2,906)
Denominator:          
Weighted-average shares used in computing net income (loss) per share, basic   5,839,764    4,438,131 
Net income (loss) per share, basic  $0.08   $(0.65)
Weighted-average shares used in computing net income (loss) per share, diluted   5,868,429    4,438,131 
Net income (loss) per share, diluted  $0.08   $(0.65)

 

 

The potentially dilutive common shares that were excluded from the calculation of diluted net income (loss) per share because their effect would have been antidilutive are as follows. Share amounts as of March 31, 2024, have been adjusted retroactively for the Reverse Stock Split.

Summary of Dilutive Common Shares were Excluded from Calculation of Diluted

   2025   2024 
   Three Months Ended 
   March 31, 
   2025   2024 
Shares subject to options to purchase common stock   720,175    516,925 
Unvested restricted stock units   —    68,073 
Shares subject to warrants to purchase common stock   350,000    1 
Total   1,070,175    584,999 

 

Additional shares of the Company’s common stock were issued after March 31, 2025. See Note 11, Subsequent Events.