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Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Net Loss Per Share

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(75,488

)

 

$

(16,049

)

 

$

(39,576

)

 

$

(31,079

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock and in-substance common stock outstanding

 

 

6,132,845

 

 

 

233,431

 

 

 

3,295,727

 

 

 

226,571

 

Net loss per share – basic and diluted

 

$

(12.31

)

 

$

(68.75

)

 

$

(12.01

)

 

$

(137.17

)

Schedule of Outstanding Potentially Dilutive Ordinary Shares Excluded from Calculation of Diluted Net Loss Per Share

The following outstanding potentially dilutive shares have been excluded from the calculation of diluted net loss per share for the periods presented because including them would have been antidilutive:

 

June 30,

 

 

2026

 

 

2025

 

Stock options issued and outstanding

 

 

1,378,309

 

 

 

64,000

 

Common warrants

 

 

—

 

 

 

43,360

 

Acquisition Warrants

 

 

570,169

 

 

 

—

 

Financing Warrants

 

 

3,749,231

 

 

 

—

 

Pre-funded warrants

 

 

—

 

 

 

10,000

 

Restricted stock awards

 

 

—

 

 

 

149

 

Total

 

 

5,697,709

 

 

 

117,509