Net Loss per Common Share

Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted net loss per share reflects potential dilution from securities that could be converted into common stock, unless such inclusion would be anti-dilutive. At March 31, 2026, all potentially dilutive securities were anti-dilutive due to the net loss reported. In November 2025, the Company issued a convertible note that if converted on March 31, 2026 would have converted to 393,046 shares. There were other convertible notes outstanding as of March 31, 2026, however certain events that triggered, or allowed for, conversion had not yet occurred and the conversion price that the convertible notes would convert at if an event occurred was unknown; therefore as of that date, the Company had no other potentially dilutive securities. At March 31, 2025, there were no events that allowed for conversion of the Company’s outstanding convertible notes and the conversion rate at which the convertible notes could be converted was not determinable, therefore there were no potentially dilutive securities at that date.