Schedule of Computation of Earnings (Loss) Per Basic and Diluted Share |
The following table is the basic and diluted loss per share computation. For all periods presented, weighted average shares and loss per share reflect the effects of the Reverse Stock Split.
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Three months ended March 31, |
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2025 |
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2024 |
Numerator: |
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Net loss |
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$ |
(7,567,187) |
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$ |
(72,838,936) |
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Net loss attributable to Common Stockholders |
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(7,567,187) |
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(72,838,936) |
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Denominator: |
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Weighted average shares used to compute basic and diluted LPS |
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27,447,425 |
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1,239,881 |
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Basic and diluted loss per share |
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$ |
(0.28) |
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$ |
(58.75) |
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Anti-dilutive securities excluded from shares outstanding: |
Stock options |
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17,326 |
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70,985 |
Restricted and performance stock units |
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141,967 |
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140,529 |
Warrants |
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545,419 |
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1,040,904 |
Earnout shares |
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208,333 |
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208,333 |
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Seatrepid earnout shares |
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6,043,896 |
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- |
Convertible debt |
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7,769,584 |
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3,310,889 |
Series A Convertible Preferred Stock |
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19,361,951 |
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Total |
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34,088,476 |
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4,771,640 |
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