Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE

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NET LOSS PER SHARE
3 Months Ended
Mar. 31, 2024
NET LOSS PER SHARE  
NET LOSS PER SHARE

6. NET LOSS PER SHARE

Basic net loss per share is computed by dividing net loss attributable to common stockholders by the weighted average number of shares of common stock and pre-funded warrants outstanding during the period. The pre-funded warrants are considered common shares outstanding for the purposes of the basic net loss per share calculation due to the nominal cash consideration and lack of other contingencies for issuance of the underlying common shares. Diluted net loss attributable to common stockholders per share is computed by dividing net loss attributable to common stockholders, as adjusted, by the sum of the weighted average number of shares of common stock and the dilutive potential common stock equivalents then outstanding. Potential common stock equivalents consist of stock options, warrants, and convertible preferred shares. Since there is a net loss attributable to common stockholders for the three months ended March 31, 2024 and March 31, 2023, the inclusion of common stock equivalents in the computation for those periods would be antidilutive. Accordingly, basic and diluted net loss per share is the same for all periods presented.

The following potentially dilutive securities have been excluded from the computation of diluted net loss per share since their inclusion would be antidilutive:

Three Months Ended

March 31, 

    

2024

    

2023

Warrants

 

12,529,916

6,714,479

Preferred shares as convertible into common stock

 

6,677,045

 

111,111

Stock options

 

2,348,624

 

1,478,756

Total potentially dilutive shares

 

21,555,585

 

8,304,346