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Net Loss Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Net Loss Per Share

Note 10 – Net Loss Per Share

 

The computations of basic and dilutive loss per share of commons stock outstanding for the three and six months ended June 30, 2025 and 2024 are as follows:

 

   Three Months   Three Months   Six Months   Six Months 
   Ended   Ended   Ended   Ended 
   June 30, 2025   June 30, 2024   June 30, 2025   June 30, 2024 
Net loss available to common shareholders  $(585,000)  $(6,119,000)  $(9,776,000)  $(8,486,000)
Basic and diluted weighted average of common stock outstanding   2,472,464    32,090    2,224,047    32,090 
Loss per common share  $(0.24)  $(190.68)  $(4.40)  $(264.44)

 

The computation of the fully diluted weighted average number of shares of common stock outstanding for the three and six months ended June 30, 2025 and 2024 is as follows:

  

   Three Months   Three Months   Six Months   Six Months 
   Ended   Ended   Ended   Ended 
   June 30, 2025   June 30, 2024   June 30, 2025   June 30, 2024 
Basic weighted average common shares outstanding   2,472,464    32,090    2,224,047    32,090 
Effect of dilutive stock options and warrants   -    -    -    - 
Diluted weighted average of common shares outstanding   2,472,464    32,090    2,224,047    32,090 

 

Basic net loss per share is based on the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share reflects the potential dilution assuming shares of common stock underlying in-the-money options and warrants have been issued upon the exercise of the options and warrants and the proceeds thereof were used to purchase shares of the Company’s common stock at the average market price during the period using the treasury stock method.

 

 

For the three and six months ended June 30, 2025, 484 shares of common stock underlying stock options, respectively, and 1,138,163 shares of common stock underlying warrants were excluded from the calculation of diluted net loss per share as the result would have been anti-dilutive. For the three and six months ended June 30, 2024, 543 shares of common stock underlying stock options and 4,511 shares of common stock underlying warrants were excluded from the calculation of diluted net loss per share as the result would have been anti-dilutive.