Loss Per Share of Common Stock |
Loss Per Share of Common Stock The following tables are a reconciliation of the numerators and denominators used in the calculation of basic and diluted net loss per share computations:
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Three Months Ended
September 30,
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Nine Months Ended September 30, (Unaudited) |
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2023 |
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2022 |
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2023 |
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2022 |
Basic EPS and diluted EPS: |
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Loss (Numerator) |
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Net loss |
$ |
(24,945,834) |
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$ |
(3,127,283) |
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$ |
(33,224,854) |
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$ |
(9,589,960) |
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Shares (Denominator) |
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Weighted average common shares outstanding |
7,880,546 |
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1,983,700 |
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5,207,411 |
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1,983,566 |
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Per-Share Amount |
$ |
(3.17) |
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$ |
(1.58) |
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$ |
(6.38) |
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$ |
(4.83) |
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The following outstanding shares of common stock equivalents were excluded from the computation of diluted net loss per share of common stock for the periods presented because including them would have been anti-dilutive:
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Three Months Ended September 30, (Unaudited) |
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Nine Months Ended September 30, (Unaudited) |
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2023 |
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2022 |
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2023 |
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2022 |
Stock options |
442,803 |
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151,020 |
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442,803 |
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151,020 |
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Common shares underlying convertible debt |
980,673 |
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22,644 |
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980,673 |
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22,644 |
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Warrants |
3,280,940 |
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544,753 |
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3,280,940 |
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544,753 |
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Unvested restricted stock units |
843,110 |
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16,000 |
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843,110 |
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16,000 |
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