Net Loss Per Share

3 Months Ended

Mar. 31, 2024

Net Loss Per Share

Net Loss Per Share

13. Net Loss Per Share

The following table presents the calculation of basic and diluted net loss per share of common stock for the periods indicated:

	Three Months Ended March 31,
(In thousands, except share and per share data)	2024		2023
Net loss attributable to common stockholders	$	(9,226)	$	(12,202)
Shares used to compute net loss per common stock, basic and diluted		158,842,297		5,109,609
Net loss per share attributable to common stockholders, basic and diluted	$	(0.06)	$	(2.39)

Basic net loss per share is calculated by dividing net loss by the weighted-average number of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock, convertible preferred stock, and certain common stock equivalents outstanding for the period. Common stock equivalents are only included when their effect is dilutive. The Company's potential securities which include warrants, convertible preferred series stock and other common stock equivalents were excluded because their effect is anti-dilutive. For the prior periods presented, there is no difference in the number of shares used to compute basic and diluted shares outstanding.

The following are the other common stock equivalents of the Company for the three months ended March 31, 2024, and for year ended December 31, 2023:

	March 31,	December 31,
	2024	2023
	(unaudited)
Options issued and outstanding	26,084	26,262
Inducement options issued and outstanding	1,512	1,512
Restricted stock units issued and outstanding	2,702,070	2,708,136
Warrants issued and outstanding	4,567,398	11,424,807
Total	7,297,064	14,160,717

As of May 14, 2024, there were 19,874,088 shares of common stock issued after the balance sheet date.