v3.25.0.1
Net Loss Per Share
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

16. Net Loss Per Share

Basic and diluted net loss per share of common stock were calculated as follows:

 

 

 

Year Ended
December 31,

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(84,969

)

 

$

(43,555

)

Denominator:

 

 

 

 

 

 

Weighted-average shares of common stock outstanding
    including shares issuable under equity-classified
    pre-funded warrants

 

 

33,313,849

 

 

 

5,153,711

 

Less: weighted-average unvested restricted shares of common stock

 

 

—

 

 

 

(288

)

Weighted-average shares used to compute net loss
    per share of common stock, basic and diluted

 

 

33,313,849

 

 

 

5,153,423

 

Net loss per share attributable to common stockholders,
     basic and diluted

 

$

(2.55

)

 

$

(8.45

)

Pre-funded warrants totaling 4,666,332 shares have been included in the computation of basic and diluted net loss per share of common stock for the year ended December 31, 2024 as the pre-funded warrants are issuable for nominal consideration pursuant to their terms.

The Company’s potential dilutive securities, which include stock options and warrants for the purchase of common stock, have been excluded from the computation of diluted net loss per share as the effect would be antidilutive. Therefore, the weighted-average number of shares of common stock outstanding used to calculate both basic and diluted net loss per share is the same. The following potential dilutive securities, presented on an as converted basis, were excluded from the calculation of net loss per share due to their anti-dilutive effect:

 

 

 

Year Ended
December 31,

 

 

2024

 

 

2023

 

Stock options outstanding

 

 

4,499,702

 

 

 

1,749,475

 

Warrants for the purchase of common stock

 

 

4,677

 

 

 

214,997

 

Total

 

 

4,504,379

 

 

 

1,964,472