Annual report [Section 13 and 15(d), not S-K Item 405]

Net Loss Per Share

v3.25.1
Net Loss Per Share
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Net Loss Per Share

12. 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.

 

 

 

Year ended December 31,

 

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(27,519,886

)

 

$

(19,028,883

)

Denominator:

 

 

 

 

 

 

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

 

 

23,712,220

 

 

 

6,028,210

 

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

 

$

(1.16

)

 

$

(3.16

)

 

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:

 

 

 

Year ended December 31,

 

 

 

2024

 

 

2023

 

Options to purchase shares of stock

 

 

16,904,050

 

 

 

839,523

 

Warrants to purchase shares of stock

 

 

26,134,671

 

 

 

2,266,133

 

Total

 

 

43,038,721

 

 

 

3,105,656