Quarterly report [Sections 13 or 15(d)]

Loss Per Share (Tables)

v3.26.1
Loss Per Share (Tables)
6 Months Ended
Jun. 30, 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
June 30,
Six Months Ended
June 30,
2026 2025 2026 2025
Numerator:
Net loss $ (11,115,971) $ (7,454,176) $ (20,382,052) $ (15,021,363)
Preferred stock dividend (214,298) (405,548)
Net loss attributable to Common Stockholders $ (11,330,269) $ (7,454,176) $ (20,787,600) $ (15,021,363)
Denominator:
Weighted average shares outstanding 5,367,986 402,876 4,608,495 392,105
Basic and diluted loss per share $ (2.11) $ (18.50) $ (4.51) $ (38.31)
Anti-dilutive securities excluded from shares outstanding:
Stock options 80 169 85 205
Restricted and performance stock units 7,077 1,755 4,204 1,864
Warrants 7,575 7,576 7,575 7,576
Earnout shares 2,894 2,894 2,894 2,894
SeaTrepid earnout shares - 83,944 83,944
Convertible debt 479,800 110,871 479,800 110,871
Series A, B and C Convertible Preferred Stock 3,175,802 247,914 3,175,802 247,914
Total 3,673,228 455,123 3,670,360 455,268