Basis of Presentation, Summary of Significant Accounting Policies and Recent Accounting Pronouncements (Tables)

9 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Summary of Basic and Diluted Net Loss Per Share

Basic and diluted net income (loss) per share for the three and nine months ended September 30, 2024 and 2023 was calculated as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except share and per share amounts)	2024		2023		2024		2023
Numerator:
Net Income (Loss)	$	1,664	$	(1,872)	$	276	$	(6,927)
Less: Undistributed Earnings to Participating Securities	(233)		—		(40)		—
Net Income (Loss) Attributable to Common Stockholders	$	1,431	$	(1,872)	$	236	$	(6,927)
Denominator:
Basic Weighted Average Number of Shares of Common Stock Outstanding	31,551,805		27,521,088		30,447,588		21,526,978
Incremental Shares Attributable to the Assumed Exercise of Outstanding Options to Purchase Common Stock	489,193		—		271,382		—
Incremental Shares Attributable to the Assumed Vesting of Unvested Restricted Stock Units	318,046		—		282,340		—
Incremental Shares Attributable to the Assumed Exercise of Warrants	61,124		—		12,154		—
Diluted Weighted Average Number of Shares of Common Stock Outstanding	32,420,168		27,521,088		31,013,464		21,526,978
Basic Net Income (Loss) per Share Attributable to Common Stockholders	$	0.05	$	(0.07)	$	0.01	$	(0.32)
Diluted Net Income (Loss) per Share Attributable to Common Stockholders	$	0.04	$	(0.07)	$	0.01	$	(0.32)

Summary of Potentially Dilutive Securities

The following table includes the potential shares of common stock that were excluded from the computation of diluted EPS per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Warrants to Purchase Common Stock	3,793,388	4,045,278	3,793,388	4,045,278
Options to Purchase Common Stock	268,978	1,367,493	284,296	1,367,493
Convertible Preferred Stock	—	1,363,636	—	1,363,636
Unvested Restricted Stock Units	—	287,400	—	287,400
Unvested Restricted Stock Awards	891	891	891	891
Total	4,063,257	7,064,698	4,078,575	7,064,698