NET LOSS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Basic and Diluted Earnings Loss Per Share

The following table summarizes the calculation of basic and diluted net loss per share:


	For the Three Months Ended March 31, 2025
(in thousands, except share and per share data)	Series A Preferred Stock		Common Stock
Net loss per share, basic and diluted
Allocation of net loss	$	(177)	$	(10,058)
Weighted-average shares outstanding, basic and diluted	1,250		71,045,265
Net loss per share, basic and diluted	$	(141.57)	$	(0.14)

	For the Three Months Ended March 31, 2024
(in thousands, except share and per share data)	Series A Preferred Stock		Common Stock
Net loss per share, basic and diluted
Allocation of net loss	$	(203)	$	(11,491)
Weighted average shares outstanding, basic and diluted	1,250		70,716,929
Net loss per share, basic and diluted	$	(162.50)	$	(0.17)

Schedule of Computations of Diluted Weighted-Average Shares Outstanding

The following potentially dilutive securities have been excluded from the computations of diluted weighted-average shares outstanding as they would be anti-dilutive:


	For the Three Months Ended March 31	For the Three Months Ended March 31
	2025	2024
Stock options to purchase common stock	18,695,256	17,356,577
Common stock issuable upon conversion of Series A convertible preferred stock	1,250,000	1,250,000
Unvested restricted stock units	378,137	348,575
	20,323,393	18,955,152