Net Loss Per Share Attributable to Common Stockholders

12 Months Ended

Dec. 31, 2024

Net Loss Per Share Attributable to Common Stockholders [Abstract]

Net Loss Per Share Attributable to Common Stockholders

Note 20 - Net Loss Per Share Attributable to Common Stockholders

The following table presents the calculation of basic and diluted loss per share attributable to common stockholders (in thousands, except share and per share data):

	For the Years Ended December 31,
	2024			2023
Net Loss	$	(35,603	)	$	(25,066	)
Less: Preferred stock return and dividend		(606	)		—
Less: Deemed dividend		(772	)		—
Net Loss Attributable to Common Stockholders, basic and diluted	$	(36,981	)	$	(25,066	)
Net Loss Per Share - Basic and Diluted	$	(162.78	)	$	(1,576.48	)
Weighted Average Shares Outstanding, Basic and Diluted		227,193			15,900

The basic earnings per share calculation for years ended December 31, 2024 and 2023 included 2,435 and 2,435 of penny warrants shares, respectively, since the exercise price was $0.01 per share. Additionally, the basic earnings per share calculation for the years ended December 31, 2024 and 2023 included 1,194 shares of common stock that were issuable to Xeriant Inc. (“Xeriant”) related to the joint venture arrangement that expired by its term on May 31, 2023. The shares were issued to Xeriant for no additional consideration immediately prior to the XTI Merger.

The following potentially dilutive shares were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented, because including them would have been anti-dilutive (on an as-converted basis):

	For the Years Ended December 31,
	2024		2023
Options		30,509		4,647
Warrants		1,438		655
Convertible preferred stock		2		—
Convertible notes		997		2,720
Total		32,946		8,022