v3.26.1
NET LOSS PER SHARE
3 Months Ended
Mar. 31, 2026
NET LOSS PER SHARE  
NET LOSS PER SHARE

NOTE 5: NET LOSS PER SHARE

Basic loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding during the reporting period. Diluted loss per common share is computed similarly to basic loss per common share except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue common stock were exercised or converted into common stock.

The following table sets forth the computation of net loss per share for the three months ended March 31, 2026 and 2025, respectively:

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For the Three Months Ended

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​

March 31, 

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  ​ ​ ​

2026

  ​ ​ ​

2025

Numerator:

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​

​

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Net loss

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$

(3,179,278)

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$

(4,446,184)

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​

​

​

​

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Denominator:

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​

​

 

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Weighted average common shares outstanding, basic

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19,314,742

​

 

11,106,027

Weighted average common shares outstanding, diluted

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19,314,742

​

 

11,106,027

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​

​

​

​

​

​

Net loss per share:

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​

​

 

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Net loss per share, basic

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$

(0.16)

​

$

(0.40)

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The following securities were not included in the diluted net loss per share calculation because their effect was anti-dilutive for the periods presented:

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For the Three Months Ended

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March 31, 

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  ​ ​ ​

2026

  ​ ​ ​

2025

Common stock options

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1,762,878

​

727,704

Common stock purchase warrants

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5,031,250

​

5,031,250

Potentially dilutive securities

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6,794,128

​

5,758,954

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