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Basic and Diluted Loss Per Share
 12 Months Ended
Dec. 31, 2023
Basic and Diluted Loss Per Share [Abstract]  
BASIC AND DILUTED LOSS PER SHARE

NOTE 4:- BASIC AND DILUTED LOSS PER SHARE:

 

Net loss per common share is calculated in accordance with ASC 260, Earnings Per Share. Basic loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. The computation of diluted net loss per share does not include dilutive common stock equivalents in the weighted average shares outstanding, as they would be anti-dilutive.

 

Securities that could potentially dilute loss per share in the future that were not included in the computation of diluted loss per share as of December 31, 2023, and 2022, are as follows:

 

   Year ended
December 31,		 
   2023   2022 
         
Warrants to purchase common stock   4,904,016    2,825,278 
Options to purchase common stock   3,500,417    4,910 
Restricted Stock-Units (“RSUs”) issued under a management equity plan   5,317,938    420,914 
    13,722,371    3,251,102 

 

The following table sets forth the computation of basic and diluted loss per share:

 

   Year ended
December 31,		 
   2023   2022 
Numerator:        
         
Net loss  $(60,421,822)  $(52,762,308)
Denominator:          
Weighted average common shares - basic and diluted
   15,659,241    12,695,654 
Net loss per share of Common Stock, basic and diluted
  $(3.86)  $(4.16)

 

A Certificate of Amendment to the Certificate of Incorporation of the Company dated February 6, 2023, was executed at a ratio of 1-6 reverse stock split of its outstanding common stock and reduced its authorized common stock to 90,000,000 shares. All share amounts have been retroactive adjusted to reflect the reverse split.