v3.25.4
Net Loss Per Share
9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Net Loss Per Share [Abstract]    
NET LOSS PER SHARE

Note 12 — NET LOSS PER SHARE

The following table provides the computation of the basic and diluted net loss per share during the three and nine months ended September 30, 2025 and 2024 (in thousands, except share and per share data):

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

   

2025

 

2024

 

2025

 

2024

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(4,029

)

 

$

(7,201

)

 

$

(12,432

)

 

$

(19,111

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used in computing net loss per share, basic and diluted

 

 

851,090

 

 

 

681,634

 

 

 

781,461

 

 

 

573,300

 

   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share, basic and diluted

 

$

(4.73

)

 

$

(10.56

)

 

$

(15.91

)

 

$

(33.34

)

The potential shares of common stock that were excluded from the computation of diluted net loss per share for the nine months ended September 30, 2025 and 2024 because including them would have been antidilutive are as follows:

 

Nine Months Ended
September 30,

   

2025

 

2024

Shares subject to options to purchase common stock

 

69,741

 

75,511

Shares subject to restricted stock units

 

150,848

 

—

Shares subject to warrants to purchase common stock

 

329,322

 

335,523

Total

 

549,911

 

411,034

Note 12 — NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

The following table computes the computation of the basic and diluted net loss per share attributable to common stockholders during the years ended December 31, 2024 and 2023 is as follows (in thousands, except share and per share data):

 

Year Ended
December 31,

   

2024

 

2023

Numerator:

 

 

 

 

 

 

 

 

Net loss

 

$

(23,727

)

 

$

(29,283

)

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares used in computing net loss per share, basic and diluted

 

 

602,333

 

 

 

307,969

 

Net loss per share, basic and diluted

 

$

(39.39

)

 

$

(95.09

)

The potential shares of common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the years ended December 31, 2024 and 2023 because including them would have been antidilutive are as follows:

 

Year Ended
December 31,

   

2024

 

2023

Shares subject to options to purchase common stock

 

72,140

 

49,656

Shares subject to warrants to purchase common stock

 

335,523

 

31,728

Total

 

407,663

 

81,384

For the year ended December 31, 2024, pre-funded warrants of 20,994 shares are not included in in the table above as those warrants are already included in the calculation of weighted average shares used in computing net loss per share, basic and diluted. Pre-funded warrants were not present at December 31, 2023.