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Net Loss per Share
 12 Months Ended
Dec. 31, 2024
Loss per common share:  
Net Loss per Share

18. Net Loss per Share

 

Basic net loss per common share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. As noted in ASC 260-10-45-13, shares issuable for little to no consideration should be included in the number of outstanding shares used for basic earnings per share (“EPS”). As such, the Pre-Funded Warrants were included in the outstanding shares for EPS purposes, until exercised in January 2024. Diluted net loss per common share is calculated by dividing net loss by the diluted weighted average number of common shares outstanding during the period. The diluted shares include the dilutive effect of stock-based awards based on the treasury stock method. In periods where a net loss is recorded, no effect is given to potentially dilutive securities, since the effect would be anti-dilutive.

 

The following table sets forth the computation of the Company’s basic and diluted net earnings (loss) per share attributable to common stockholders (in thousands, except share and per share data):

 

   2024   2023 
   For years ended December 31, 
   2024   2023 
Net loss  $(17,759)  $(20,131)
Weighted average common shares outstanding, basic and diluted   5,516,334    1,546,297 
Net loss per share, basic and diluted  $(3.22)  $(13.02)

 

The following table sets forth securities that were anti-dilutive for diluted EPS for the periods presented but which could potentially dilute EPS in the future:

 

December 31,  2024   2023 
Common stock warrants   2,269,356    2,269,356 
Common stock options and RSUs   1,808,718    104,257 
Unit Purchase Options   20,182    20,182 
Series B convertible preferred stock   14,318,632    - 
Convertible notes   5,384,615    - 
Total   23,801,503    2,393,795