Annual report [Section 13 and 15(d), not S-K Item 405]

Basic Loss Per Share

v3.25.1
Basic Loss Per Share
12 Months Ended
Dec. 31, 2024
Basic Loss Per Share [Abstract]  
BASIC LOSS PER SHARE
NOTE 17 - BASIC LOSS PER SHARE

 

The basic and diluted net loss per share and weighted average number of shares of Common Stock used in the calculation of basic and diluted net loss per share are as follows:

 

    For the year ended
December 31,
 
    2024     2023  
             
Basic and diluted loss per share of common stock            
Numerator:            
Net loss     17,727       26,169  
Denominator:                
Number of shares of common stock outstanding     12,019,103       4,115,095  
Number of shares upon Pre-Funded Warrants exercise    
-
      1,017,700  
Number of shares upon fully vested Warrants exercise     298       298  
Total weighted-average number of shares of common stock, shares upon Pre-Funded Warrants and fully vested Warrants exercise used in computing basic loss per share     12,019,401       5,133,093  
Basic loss per share of common stock     1.47       5.1  
                 
Diluted net loss per share of common stock                
Numerator:                
Net loss     17,727       26,169  
Change in fair value of Private Placement Warrants     26,458      
-
 
Diluted net loss     44,185       26,169  
Denominator:                
Weighted-average number of shares of common stock outstanding     12,019,401       5,133,093  
Private Placement Warrants     1,118,705      
-
 
Total weighted-average number of shares of common stock outstanding, after giving effect to dilutive securities     13,138,106       5,133,093  
Diluted net loss per share of common stock     3.36       5.1  

 

Basic loss per share is computed on the basis of the net loss for the period divided by the weighted average number of shares of Common Stock outstanding during the period, fully vested warrants with no exercise price for the Company’s Common Stock and fully vested Pre-Funded Warrants for the Company’s Common Stock at an exercise price of $0.01 per share, as the Company considers these shares to be exercised for little to no additional consideration.

 

Diluted loss per share is based upon the weighted average number of shares of Common Stock and of potential shares of Common Stock outstanding when dilutive. Potential shares of Common Stock equivalents include outstanding stock options and warrants, which are included under the treasury stock method when dilutive.

 

The calculation of diluted loss per share as of December 31, 2024 and 2023, does not include the shares underlying the following financial instruments because their effect would be anti-dilutive:

 

    For the year ended
December 31,
 
    2024     2023  
Options     2,002,365       528,071  
Warrants     1,475,282       631,250  
Contingent shares     200,000       200,000  
Redeemable Convertible Preferred Shares     14,773,500      
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