Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.24.3
Net Loss Per Share
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Net Loss Per Share
11.
Net Loss Per Share

The following table presents the calculation of basic and diluted net loss per share applicable to common stockholders. Basic net loss per share is calculated by dividing net loss attributable to common shareholders by the weighted-average number of shares outstanding during the period which includes Pre-Funded Warrants and shares held in abeyance from date of issuance.

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(5,778,066

)

 

$

(4,595,199

)

 

$

(15,387,309

)

 

$

(14,850,943

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

8,882,570

 

 

 

6,162,671

 

 

 

7,592,103

 

 

 

5,977,841

 

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

 

$

(0.65

)

 

$

(0.75

)

 

$

(2.03

)

 

$

(2.48

)

 

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,

 

 

 

2024

 

 

2023

 

Options to purchase shares of stock

 

 

1,140,280

 

 

 

835,913

 

Warrants to purchase shares of stock

 

 

7,738,040

 

 

 

3,080,090

 

Total

 

 

8,878,320

 

 

 

3,916,003