| NET (LOSS) INCOME PER COMMON SHARE |
10. NET (LOSS) INCOME PER COMMON SHARE
Basic and diluted net income
(loss) per share was calculated as follows (in thousands, except share and per share data):
| | |
Three Months Ended
March 31, | |
| | |
2026 | | |
2025 | |
| Numerator: | |
| | |
| |
| Net income (loss) attributable to common stockholders - basic | |
$ | (3,412 | ) | |
$ | 2,897 | |
| Less: Change in fair value of convertible notes | |
| - | | |
| (220 | ) |
| Net income (loss) attributable to common stockholders - diluted | |
$ | (3,412 | ) | |
$ | 2,677 | |
| | |
| | | |
| | |
| Denominator: | |
| | | |
| | |
| Weighted average shares of common stock outstanding - basic | |
| 31,756,649 | | |
| 22,986,350 | |
| Effective of dilutive securities | |
| - | | |
| 1,044,168 | |
| Weighted average shares of common stock outstanding - diluted | |
| 31,756,649 | | |
| 24,030,518 | |
| | |
| | | |
| | |
| Net income (loss) per share of common stock - basic | |
$ | (0.11 | ) | |
$ | 0.13 | |
| Net income (loss) per share of common stock - diluted | |
$ | (0.11 | ) | |
$ | 0.11 | |
The table below summarizes
potentially dilutive securities that were excluded from the above computation of net loss per common share as of the periods presented
because including them would be anti-dilutive.
| | |
Three Months Ended
March 31, | |
| | |
2026 | | |
2025 | |
| | |
| | |
| |
| Common stock options | |
| 3,642,328 | | |
| 1,971,145 | |
| Common stock warrants | |
| 13,943,422 | | |
| 8,507,311 | |
| Unvested restricted stock units | |
| 9,700 | | |
| 94,399 | |
| Total | |
| 17,595,449 | | |
| 10,572,855 | |
|