EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2025


11. EARNINGS (LOSS) PER SHARE

The reconciliations of the net loss and the weighted average number of shares used in the computations of basic and diluted loss per share are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Numerator:
Net loss	$	(12,331)	$	(1,938)	$	(29,346)	$	(20,293)




Denominator:
Weighted-average shares of common stock - basic and diluted	195,196,597		195,138,473		195,196,597		195,135,057



Loss per common share:
Basic and diluted	$	(0.06)	$	(0.01)	$	(0.15)	$	(0.10)

The following table summarizes weighted average instruments that may, in the future, have a dilutive effect on earnings (loss) per share, but were excluded from consideration in the computation of diluted net loss per share for the three and six months ended June 30, 2025 and 2024, because the impact of including them would have been anti-dilutive:


	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Stock options	24,545,305	28,027,491	25,108,643	27,840,551
Warrants (derivative liabilities and equity)	79,929,162	88,564,891	77,494,994	88,237,693
Unvested restricted stock awards	—	1,861	—	1,861
	104,474,467	116,594,243	102,603,637	116,080,105