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Net Loss Per Share
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Net Loss Per Share

12. Net Loss Per Share

 

Basic and diluted net loss per share were calculated as follows:

 

The numerator for basic and diluted net loss per share is as follows for the years ended December 31, 2023 and 2022:

 

   2023   2022 
   December 31, 
   2023   2022 
Net loss  $(11,283,781)  $(10,680,366)
Dividends on preferred stock   (1,355,347)   (2,768,984)
Net loss attributable to common stockholders  $(12,639,128)  $(13,449,350)

 

The denominator is as follows for the years ended December 31, 2023 and 2022:

 

   December 31, 
   2023   2022 
Weighted average common stock outstanding, basic and diluted   6,919,081    1,043,932 
$0.01 warrants   5,372    11,467 
Total   6,924,453    1,055,399 

 

 

AZITRA, INC.

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

For the Years Ended December 31, 2023 and 2022

 

12. Net Loss Per Share (continued)

 

Net loss per share, basic and diluted is as follows for the years ended December 31, 2023 and 2022:

 

   December 31, 
   2023   2022 
Net Loss per share, basic and diluted  $(1.83)  $(12.74)

 

The following potential common stock equivalents, presented based on amounts outstanding at each period end, were excluded from the calculation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:

 

   2023   2022 
   December 31, 
   2023   2022 
Options to purchase shares of common stock  $1,288,255   $1,290,318 
Warrants outstanding   323,736    263,743 
Total  $1,611,991   $1,554,061