11. Net Loss per Common Share

 

The following table sets forth the computation of the basic and diluted net loss per share attributable to common stockholders:

 

   2025   2024 
   For the Year Ended December 31, 
   2025   2024 
Net loss attributable to common stockholders, basic and diluted  $(14,771,012)  $(14,863,161)
Weighted-average number of shares used in computing net loss per share attributable to common stockholders, basic and diluted   4,270,815    1,900,723 
Net loss per share attributable to common stockholders, basic and diluted  $(3.46)  $(7.82)

 

The following potentially dilutive securities have been excluded from the computations of diluted weighted-average shares outstanding because they would be anti-dilutive:

 

   2025   2024 
   For the Year Ended December 31, 
   2025   2024 
Option and RSUs to purchase common stock   1,466    19,432 
Special Stock Award   -    350,500 
Warrants to purchase common stock   381,953    383,159 
Convertible notes entitled to purchase common stock   543,547    503,441 
Total potential shares   926,966    1,256,532 

 

Historical Timeline

Fiscal YearFiled
2025Mar 30, 2026Showing above
2024Mar 7, 2025

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.