Note 3 - Loss Per Share

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

3. LOSS PER SHARE

Basic and diluted net loss per share is computed by dividing the net loss for the period by the weighted average number of common stock outstanding during the period. Diluted loss per share includes potentially dilutive securities such as stock options, warrants to purchase common stock, and other convertible instruments unless the result of inclusion would be anti-dilutive. These securities have been excluded from the calculation of diluted net loss per shares for the three months ended March 31, 2024 and 2023, because all such securities are anti-dilutive for all periods presented.

The following table summarizes the Company’s potentially dilutive securities, in common share equivalents, which have been excluded from the calculation of dilutive loss per share as their effect would be anti-dilutive:

	Three Months Ended March 31,
	2024		2023
Shares issuable upon exercise of stock options		1,560,574		244,774
Shares issuable upon exercise of warrants to purchase common stock		20,883,869		17,228,354
Shares contingently issuable for earnout		—		1,000,000
		22,444,443		18,473,128

The diluted loss per share computation equals basic loss per share for the three months ended March 31, 2024 and 2023 because the Company had a net loss and the impact of the assumed exercise of stock options and warrants would have been anti-dilutive.