Note 2 - Significant Accounting Policies (Tables) |
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Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] |
(1) Class A preferred shares are presented on an as-if converted basis.
In connection with the exercise of certain existing warrants in January 2024 and May 2024 (see Note 1), the Company recorded deemed dividends of $8.8 million for the issuance of new warrants. For the Year ended December 31, 2024, net loss attributable to common stockholders consisted of net loss, as adjusted for deemed dividends.
The Company considers Class A preferred stock to be an additional class of common stock for the purpose of calculating net loss per share, as it does not have preferential rights in liquidation when compared to the Company's common stock, and therefore losses are allocated to these additional classes using the two-class method. The two-class method is an earnings allocation formula that treats participating securities as having rights that would otherwise have been available to common stockholders. Earnings allocated to the Class A preferred stock are not material for the years ended December 31, 2024 and 2023. |