| Schedule of Basic and Diluted Earnings Per Share |
Diluted net loss per share is calculated using the if-converted method, which assumes conversion of all non-voting common stock to voting common stock.
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, 2024 |
|
|
|
Voting common stock |
|
|
Non-voting common stock |
|
Basic net loss per share: |
|
|
|
|
|
|
Numerator |
|
|
|
|
|
|
Allocation of undistributed losses |
|
$ |
(114,728 |
) |
|
$ |
(1,136 |
) |
|
|
|
|
|
|
|
Denominator |
|
|
|
|
|
|
Weighted average number of shares used in basic per share computation |
|
|
49,038,726 |
|
|
|
485,378 |
|
Net loss per share, basic |
|
$ |
(2.34 |
) |
|
$ |
(2.34 |
) |
|
|
|
|
|
|
|
Diluted net loss per share: |
|
|
|
|
|
|
Numerator |
|
|
|
|
|
|
Allocation of undistributed losses for basic computation |
|
$ |
(114,728 |
) |
|
$ |
(1,136 |
) |
Reallocation of undistributed losses as a result of conversion of
non-voting to voting common shares |
|
|
(1,136 |
) |
|
|
— |
|
Allocation of undistributed losses |
|
$ |
(115,864 |
) |
|
$ |
(1,136 |
) |
|
|
|
|
|
|
|
Denominator |
|
|
|
|
|
|
Weighted average number of shares used in basic per share computation |
|
|
49,038,726 |
|
|
|
485,378 |
|
Add: conversion of non-voting to voting common shares outstanding |
|
|
485,378 |
|
|
|
— |
|
Weighted average number of shares used in diluted per share computation |
|
|
49,524,104 |
|
|
|
485,378 |
|
Net loss per share, diluted |
|
$ |
(2.34 |
) |
|
$ |
(2.34 |
) |
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, 2023 |
|
|
|
Voting common stock |
|
|
Non-voting common stock |
|
Basic net loss per share: |
|
|
|
|
|
|
Numerator |
|
|
|
|
|
|
Allocation of undistributed losses |
|
$ |
(64,776 |
) |
|
$ |
(2,899 |
) |
|
|
|
|
|
|
|
Denominator |
|
|
|
|
|
|
Weighted average number of shares used in basic per share computation |
|
|
39,192,445 |
|
|
|
1,753,505 |
|
Net loss per share, basic |
|
$ |
(1.65 |
) |
|
$ |
(1.65 |
) |
|
|
|
|
|
|
|
Diluted net loss per share: |
|
|
|
|
|
|
Numerator |
|
|
|
|
|
|
Allocation of undistributed losses for basic computation |
|
$ |
(64,776 |
) |
|
$ |
(2,899 |
) |
Reallocation of undistributed losses as a result of conversion of
non-voting to voting common shares |
|
|
(2,899 |
) |
|
|
— |
|
Allocation of undistributed losses |
|
$ |
(67,675 |
) |
|
$ |
(2,899 |
) |
|
|
|
|
|
|
|
Denominator |
|
|
|
|
|
|
Weighted average number of shares used in basic per share computation |
|
|
39,192,445 |
|
|
|
1,753,505 |
|
Add: conversion of non-voting to voting common shares outstanding |
|
|
1,753,505 |
|
|
|
— |
|
Weighted average number of shares used in diluted per share computation |
|
|
40,945,950 |
|
|
|
1,753,505 |
|
Net loss per share, diluted |
|
$ |
(1.65 |
) |
|
$ |
(1.65 |
) |
|
| Schedule of Antidilutive Shares Excluded from Calculation of Diluted Net Loss Per Share |
The following outstanding potentially dilutive shares have been excluded from the calculation of diluted net loss per share, as their effect is anti-dilutive:
|
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
|
|
2024 |
|
|
2023 |
|
Stock options to purchase common stock |
|
|
11,231,148 |
|
|
|
8,141,035 |
|
|
|
|
11,231,148 |
|
|
|
8,141,035 |
|
|
|
|
|
|
|
|
|