Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

v3.23.3
Net Loss Per Share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Summary of Calculation of Basic and Diluted Net Loss Per Share applicable to Common Stockholders

The following table presents the calculation of basic and diluted net loss per share applicable to common stockholders:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(4,595,199

)

 

$

(4,494,563

)

 

$

(14,850,943

)

 

$

(13,775,103

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of common shares
   outstanding – basic and diluted

 

 

5,342,337

 

 

 

4,224,294

 

 

 

5,060,447

 

 

 

4,223,099

 

Net loss per share applicable to common
   stockholders – basic and diluted

 

$

(0.86

)

 

$

(1.06

)

 

$

(2.93

)

 

$

(3.26

)

 

Summary of Shares Excluded from Calculation of Diluted Net Loss per Share Applicable to Common Stockholders

The following shares were excluded from the calculation of diluted net loss per share applicable to common stockholders, prior to the application of the treasury stock method, because their effect would have been anti-dilutive for the periods presented:

 

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

Options to purchase shares of stock

 

 

835,913

 

 

 

671,347

 

Warrants to purchase shares of stock

 

 

3,080,090

 

 

 

260,319

 

Total

 

 

3,916,003

 

 

 

931,666