9. Net Loss per Share

 

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

 

   2025   2024 
   Year Ended December 31, 
   2025   2024 
Basic and Diluted Net Loss Per Common Share:        
Net loss attributable  $(19,509)  $(2,968)
Weighted average common shares outstanding – basic and diluted   2,272,982    1,667,674 
Net loss per common share – basic and diluted  $(8.58)  $(1.78)

 

 

The following potentially dilutive securities were excluded from the computation of diluted net loss per share calculations for the periods presented because the impact of including them would have been anti-dilutive:

 

   2025   2024 
   Year Ended December 31, 
   2025   2024 
Common stock options   74,862     

 

Historical Timeline

Fiscal YearFiled
2025Mar 18, 2026Showing above
2024Mar 28, 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.