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NET LOSS PER SHARE OF COMMON STOCK | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
NET LOSS PER SHARE OF COMMON STOCK | NOTE 14. NET LOSS PER SHARE OF COMMON STOCK On January 3, 2024, the Company effected a 1:16 reverse stock split of the Company’s common stock (the “2024 Stock Split”) which resulted in a reduction in the number of outstanding shares of common stock, warrants, stock options and restricted share units and a proportionate increase in the value of each share or strike price of the warrants and stock options. On January 29, 2025, the Company effected a reverse stock split at a ratio of 1:335 (See Note 17 – Subsequent Events) which resulted in a reduction in the number of outstanding shares of common stock, warrants, stock options and restricted share units and a proportionate increase in the value of each share or strike price of the warrants and stock options. On March 27, 2025, the Company effected a reverse stock split at a ratio of 1:27 (See Note 17 – Subsequent Events) which resulted in a reduction in the number of outstanding shares of common stock, warrants, stock options and restricted share units and a proportionate increase in the value of each share or strike price of the warrants and stock options. The retrospective effect of the reverse stock splits has been incorporated on a retrospective basis in the tabular disclosures of loss per share and weighted average outstanding shares for the fiscal years 2024 and 2023 herein. Basic and diluted net loss per share is computed by dividing net loss attributable to stockholders by the weighted average number shares of common stock outstanding, vested restricted stock units, and pre-funded warrants during the year. Potentially dilutive outstanding shares of common stock equivalents were excluded from the computation of diluted net loss per share for loss periods presented because including them would have been antidilutive. A post-2025 Stock Splits reconciliation of the numerator and denominator used in the calculation of basic and diluted net loss per share attributable to stockholders follows:
Schedule of reconciliation of basic and diluted net loss per share |  |  |
|  | December 31, |
|  | 2024 |  |  | 2023 |
Numerator: |  |  |  |  |  |  |  |
Net loss allocable to common shareholders used to compute basic and diluted loss per common share |  | $ | (6,992,927 | ) |  | $ | (4,911,374 | )
Denominator: |  |  |  |  |  |  |  |
Weighted average shares used to compute basic and dilutive loss per share (post-split) |  |  | 943 |  |  |  | 62 |
The following outstanding potentially dilutive securities were excluded from the calculation of dilutive loss per share attributable to common stockholders because their impact would have been antidilutive for the period presented:
Schedule of anti-dilutive securities excluded from computation of earnings per share |  |  |  |  |  |
|  | December 31, 2024 |  |  | December 31, 2023 |
Shares issuable on Series A and B convertible preferred stock |  |  | 386 |  |  |  | – |
Shares issuable on warrants |  |  | 1,312 |  |  |  | 28 |
Shares issuable on restricted stock units |  |  | 1 |  |  |  | 5 |
Shares issuable on options |  |  | 19 |  |  |  | 19 |
|  |  | 1,718 |  |  |  | 53 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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