Quarterly report [Sections 13 or 15(d)]

Loss Per Share (Tables)

v3.26.1
Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Computation of Earnings (Loss) Per Basic and Diluted Share
Following is the computation of loss per basic and diluted share:
Three months ended
March 31,
2026 2025
Numerator:
Net loss $ (9,266,081) $ (7,567,187)
Preferred stock dividend (191,250)
Net loss attributable to Common Stockholders $ (9,457,331) $ (7,567,187)
Denominator:
Weighted average shares used to compute basic LPS 3,840,563 381,215
 
Basic and diluted loss per share $ (2.46) $ (19.85)
 
Anti-dilutive securities excluded from shares outstanding:
Stock options 89 241
Restricted and performance stock units 1,331 1,972
Warrants 7,575 7,576
Earnout shares 2,894 2,894
SeaTrepid earnout shares - 83,944
Convertible debt 328,448 107,909
Series A, B and C Convertible Preferred Stock 2,667,569 268,916
Total 3,007,906 473,452