NET LOSS PER SHARE

3 Months Ended

Mar. 31, 2026

13. NET LOSS PER SHARE


	Three Months Ended March 31,
	2026		2025
Numerator:
Net loss – basic and diluted	$	(7,033)	$	(5,375)
Denominator:
Weighted-average number of shares of common stock outstanding – basic and diluted	47,456,908		2,157,627
Net loss per share – basic and diluted	$	(0.15)	$	(2.49)

Basic net loss per share is the same as diluted net loss per share as the inclusion of potential common shares outstanding would have been anti-dilutive. The Company's convertible preferred stock Series constitute participating securities; however, as a result of the net loss position, they are excluded from the calculation of basic net loss per share.

Potentially dilutive securities that were not included in the preceding calculations because they would be anti-dilutive were as follows.


	Three Months Ended March 31,
	2026	2025
Convertible preferred stock (all series)	—	38,665,583
Warrants on common stock	168,898	15,015
Options on common stock	2,029,150	2,182,724
Restricted Stock Units	3,506	—
Total	2,201,554	40,863,322