LOSS PER SHARE

3 Months Ended

Mar. 31, 2025

The Company calculates basic net loss per share by dividing the net loss by the weighted average number of shares of common stock outstanding for the period. The diluted net loss per share is computed by assuming the exercise, settlement, and vesting of all potential dilutive common stock equivalents outstanding for the period using the treasury stock method.

The following table sets forth a reconciliation of the numerator and denominator used to compute basic and diluted net loss per share of common stock (in thousands, except per share data):


	Three Months Ended March 31,
	2025		2024
Numerator


Net loss	$	(5,564)	$	(3,944)
Denominator
Basic weighted average shares outstanding	13,938		9,494
Effect of dilutive securities	—		—

Diluted weighted average shares outstanding	13,938		9,494

Net loss per share, basic and diluted:


Net loss per share, basic and diluted	$	(0.40)	$	(0.42)

For the three months ended March 31, 2025 and 2024, because the Company was in a loss position, basic net loss per share is the same as diluted net loss per share, as the inclusion of the potential common shares would have been anti-dilutive.

The following table sets forth potential shares of common stock that are not included in the diluted net loss per share calculation because to do so would be anti-dilutive for the period indicated (in thousands):


Anti-dilutive securities	March 31, 2025	March 31, 2024
Restricted stock units	186	132
Common shares issuable upon exercise of stock options	478	458
Common shares issuable upon exercise of warrants	1,261	2,251
Total	1,925	2,841