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Net Loss per Share
 6 Months Ended
Jun. 30, 2025
Net Loss per Share  
Net Loss per Share

(13) Net Loss per Share

The Company reported net losses for the three and six months ended June 30, 2025 and 2024. Reported basic and diluted net loss per share attributable to common stockholders are the same for each period because shares issuable in connection with Contingent Securities have been excluded from the computation of diluted weighted-average shares outstanding. The effect of their inclusion would have been antidilutive. In accordance with ASC 260-10-45-13, a pre-funded, or penny, warrant is an instrument that requires the holder to pay little or no consideration to receive the shares upon exercise of the warrant. Since the shares underlying the PFWs are issuable for little or no consideration, the Company considered them outstanding in the context of basic earnings per share.

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

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Three months ended June 30, 

    

Six months ended June 30, 

    

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2025

    

2024

    

2025

    

2024

    

Basic and diluted net loss per share

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Net loss attributable to common stockholders

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$

(4,276,502)

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$

(5,190,814)

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$

(16,361,915)

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$

(8,517,626)

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Weighted-average common shares outstanding

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833,654

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7,631

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504,252

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6,598

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Net loss per share

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$

(5.13)

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$

(680.23)

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$

(32.45)

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$

(1,290.94)

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