Note 8 - Net Loss Per Share

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 8 - 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 outstanding during the period. The weighted average number of shares of common stock outstanding does not include any potentially dilutive securities or unvested restricted shares of common stock. Vested RSUs (for which shares of common stock have not yet been delivered) are included in the calculations of basic net loss per share.

Diluted net loss per share is computed by giving effect to all potential shares of common stock, including warrants, stock options, RSUs, and unvested restricted stock awards, to the extent they are dilutive. For the years ended December 31, 2025 and 2024,all such common stock equivalents have been excluded from diluted net loss per share as the effect on net loss per share would be anti-dilutive (due to the net losses).

The following table sets forth the computation of the Company’s basic and diluted net loss per share (in thousands, except per share data):

		Year Ended December 31,
Numerator:		2025				2024
Net loss		$	(6,355	)		$	(4,043	)
Less: preferred stock dividends			32				89
Less: deemed dividend			—				8,974
Net loss attributable to common stockholders		$	(6,387	)		$	(13,106	)
Denominator:
Weighted-average number of shares of common stock for basic and diluted net loss per share			2,316,057				834,209
Basic net loss per share		$	(2.76	)		$	(15.71	)

The following table represents the potential shares that were excluded from the computation of the weighted average number of shares of common stock in computing the diluted net loss per share for the periods presented because including them would have had an anti-dilutive effect:

		Year Ended December 31,
		2025				2024
Common stock issuable upon conversion of Series F Preferred Stock (1)			45,754				51,357
Common stock issuable upon conversion of Series F Preferred Warrants (2)			8,097,347				2,784,922
Common stock issuable upon conversion of Common Stock Warrants			2,688,728				2,272,203

(1)

Calculation assumes the conversion of the stated value and accrued dividends of the Series F Preferred Stock into Common Stock at the current exercise price of $3.77 for 2025, and a conversion price of $11.17 for 2024.

(2)

Calculation assumes the exercise of the Series F Preferred Warrants for cash into Series F Preferred Stock and subsequent conversion of the Series F Preferred Stock into Common Stock at the Floor Price of $3.77 for 2025, and a conversion price of $11.17 for 2024.