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Net Income (Loss) per Share (Tables)
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Summary of calculation of diluted net income (loss) per share, the numerator is adjusted for any changes Pursuant to such method, the Company adjusted the numerator for the gains or losses recognized during the period

in net income from the Convertible Notes and the denominator is increased to include the number of additional shares of common stock that would have been outstanding if the Convertible Notes were converted as of the beginning the period.

 

 

Years Ended December 31,

 

(in thousands, except per share amounts)

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

Net income (loss)-basic

 

$

(47,733

)

 

$

(53,743

)

Net income (loss)-diluted

 

$

(63,533

)

 

$

(53,743

)

Denominator:

 

 

 

 

 

 

Weighted-average common shares outstanding-basic

 

 

9,320,884

 

 

 

349,060

 

Dilutive securities

 

 

336,812

 

 

 

 

Weighted-average common shares outstanding-diluted

 

 

9,657,696

 

 

 

349,060

 

 

 

 

 

 

 

 

Net income (loss) per share-basic

 

$

(5.12

)

 

$

(153.96

)

Net income (loss) per share-diluted

 

$

(6.58

)

 

$

(153.96

)

Summary of computation of diluted net loss per share attributable to common stockholders

The Company excluded the following from the computation of diluted net loss per share attributable to common stockholders because including them would have had an anti-dilutive effect:

 

 

Years Ended December 31,

 

 

2024

 

 

2023

 

Series A convertible preferred stock

 

 

 

 

 

2,286,874

 

Series A-1 convertible preferred stock

 

 

 

 

 

312,094

 

Series B convertible preferred stock

 

 

 

 

 

2,625,897

 

Options to purchase common stock

 

 

1,942,920

 

 

 

1,120,014

 

Warrants to purchase common stock

 

 

18,145

 

 

 

18,145