Net Loss per Share

9 Months Ended

Sep. 30, 2025

NOTE 8 - Net Loss per Share

Basic loss per common share is computed by dividing loss available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted loss per common share is computed similarly except that weighted average common shares are increased to reflect all dilutive instruments, including employee and director stock awards and warrants. Dilutive securities are excluded from the calculation of diluted weighted average common shares outstanding if their effect would be anti-dilutive based on the treasury stock method or due to a net loss from operations.

The following shares were potentially dilutive during the periods presented and include shares from warrants and stock options with average prices of common stock exceeding exercise prices. However, the shares from these securities were excluded from the diluted loss per share calculation, because the Company incurred net losses and the effect would be anti-dilutive for all periods presented.

	Three months ended September 30,		Nine months ended September 30,
	2025	2024	2025	2024

Warrants	6,179,840	7,603,093	6,179,840	7,603,093
Stock options	3,060,019	1,082,216	2,735,019	1,082,216
RSUs	1,536,080	1,465,263	1,536,080	1,465,263
PSUs	345,462	699,289	345,462	699,289
	11,121,401	10,849,861	10,796,401	10,849,861