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

NET LOSS PER SHARE (Tables)

v3.25.1
NET LOSS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2024
NET LOSS PER SHARE  
Summary of computation of basic and diluted net loss per share attributable to common shareholders

Years Ended December 31, 

2024

    

2023

Numerator:

Net income (loss)

$

2,778,873

$

(13,212,482)

Denominator:

 

  

 

  

Basic weighted-average common shares outstanding

 

25,919,965

 

12,292,707

Effect of potentially dilutive securities:

Warrants

522,053

Stock options

19,713

Diluted weighted-average common shares outstanding

26,461,731

12,292,707

Basic net income (loss) per share attributable to common shareholders

$

0.11

$

(1.07)

Diluted net income (loss) per share attributable to common shareholders

$

0.11

$

(1.07)

Summary of outstanding potentially dilutive common shares equivalents were excluded from the computation of diluted net loss per share

Year Ended

December 31, 

    

2024

    

2023

Options issued and outstanding under stock option plan

 

3,574,453

 

967,262

Warrants

 

54,979,373

 

13,001,262

Series 2 Convertible Preferred Shares

1,166,667

Deferred Share Units

 

1,061

 

1,061

Total

 

58,554,887

 

15,136,252