| SCHEDULE OF COMPUTATION OF THE NUMERATORS AND DENOMINATORS USED IN THE BASIC AND DILUTED NET LOSS PER SHARE AMOUNTS |
A reconciliation of the numerators and the denominators
of the basic and diluted net income (loss) per share computations is as follows (in thousands, except per share amounts):
SCHEDULE
OF COMPUTATION OF THE NUMERATORS AND DENOMINATORS USED IN THE BASIC AND DILUTED NET LOSS PER SHARE AMOUNTS
| |
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
| |
|
For
the three months ended June 30, |
|
|
For
the six months ended June 30, |
|
| |
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net
income (loss) used for basic net income (loss) per share |
|
$ |
7,406 |
|
|
$ |
(16,654 |
) |
|
$ |
(24,172 |
) |
|
$ |
(25,761 |
) |
| Effect
of dilutive securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fair
value adjustments for warrant and derivative liabilities |
|
|
(20,854 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Numerator
for dilutive net income (loss) per share - net income available for common shareholders’ after the effect of dilutive securities |
|
$ |
(13,448 |
) |
|
$ |
(16,654 |
) |
|
$ |
(24,172 |
) |
|
$ |
(25,761 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted
average number of common shares outstanding - basic |
|
|
40,010,481 |
|
|
|
18,017,874 |
|
|
|
33,662,908 |
|
|
|
17,464,026 |
|
| Effect
of dilutive shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shares
of common stock issuable upon exercise of stock options |
|
|
178,931 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Shares
of common stock underlying restricted stock |
|
|
2,293,570 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Shares
of common stock issuable upon exercise of warrants |
|
|
8,165,236 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Shares
of common stock issuable upon exercise of conversion feature of loan agreement |
|
|
578,497 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Dilutive
potential common shares |
|
|
11,216,234 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Denominator
for dilutive net income (loss) per share - adjusted weighted average shares used in computing net income (loss) per share - dilutive |
|
|
51,226,715 |
|
|
|
18,017,874 |
|
|
|
33,662,908 |
|
|
|
17,464,026 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings
per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic
income (loss) per common share |
|
$ |
0.19 |
|
|
$ |
(0.92 |
) |
|
$ |
(0.72 |
) |
|
$ |
(1.48 |
) |
| Dilutive
income (loss) per common share |
|
$ |
(0.26 |
) |
|
$ |
(0.92 |
) |
|
$ |
(0.72 |
) |
|
$ |
(1.48 |
) |
|
| SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE |
SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE
| |
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
| |
|
For
the three months ended June 30, |
|
|
For
the six months ended June 30, |
|
| |
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Shares of common
stock issuable upon exercise of stock options |
|
|
— |
|
|
|
230,723 |
|
|
|
178,859 |
|
|
|
230,723 |
|
| Shares of common stock
underlying restricted stock |
|
|
— |
|
|
|
2,566,303 |
|
|
|
1,647,666 |
|
|
|
2,566,303 |
|
| Shares of common stock
issuable upon exercise of conversion feature of loan agreement |
|
|
— |
|
|
|
— |
|
|
|
614,251 |
|
|
|
— |
|
| Shares of common stock
issuable upon exercise of warrants |
|
|
1,788,000 |
|
|
|
9,397,879 |
|
|
|
9,987,560 |
|
|
|
9,397,879 |
|
| Total |
|
|
1,788,000 |
|
|
|
12,194,905 |
|
|
|
12,428,336 |
|
|
|
12,194,905 |
|
|