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NET LOSS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Calculating Diluted Earnings Per Share The following table sets forth securities outstanding that could potentially dilute the calculation of diluted earnings per share:

Year ended December 31,

 

 

2024

 

 

2023

 

Stock options outstanding

 

218,430

 

 

188,865

 

Junior Note Warrants

 

 

859,315

 

 

 

550,000

 

Public Warrants

 

 

417,770

 

 

 

417,770

 

June 2023 Senior Note Warrants

 

 

335,210

 

 

 

335,210

 

Pre-Funded Warrants

 

 

837,116

 

 

 

 

August 2024 Warrants Issued with Junior Notes

 

 

19,892

 

 

 

 

Unvested restricted stock units

 

 

4,562

 

 

 

22,213

 

If-converted Common Stock from Series A Preferred Stock(1)

 

 

119,445

 

 

 

151,945

 

If-converted Common Stock from convertible notes

 

 

16,657,280

 

 

 

335,661

 

Total

 

 

19,469,020

 

 

2,001,664

 

 

(1) Assumes that all shares of Series A Preferred Stock are converted into Common Stock at a conversion rate equal to $0.25 divided by $5.00 (adjusted by the Reverse Stock Split), representing the maximum number of shares issuable to holders of Series A Preferred Stock.