NOTE 11 —Net Loss Per Share

 

The following table sets forth the computation of the Company’s basic and diluted net loss per share and has been adjusted retrospectively for the Reverse Stock Split:

 

   2024   2023 
   For the Years Ended 
   December 31, 
   2024   2023 
Numerator:        
Net loss  $(33,648)  $(90)
Denominator:          
Weighted-average shares used in computing net loss per share, basic and diluted   4,718,141    4,287,694 
Net loss per share, basic and diluted  $(7.13)  $(0.02)

 

The potentially dilutive common shares that were excluded from the calculation of diluted net loss per share because their effect would have been antidilutive are as follows and have been adjusted retrospectively for the Reverse Stock Split:

 

   2024   2023 
   For the Years Ended 
   December 31, 
   2024   2023 
Shares subject to options to purchase common stock   755,494    514,674 
Unvested restricted stock units   67,962    68,185 
Shares subject to warrants to purchase common stock   350,000    1 
Total   1,173,456    582,860 

 

Historical Timeline

Fiscal YearFiled
2024Mar 31, 2025Showing above
2023Mar 27, 2024

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.