Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS??? EQUITY (Tables)

v3.24.2
STOCKHOLDERS’ EQUITY (Tables)
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
SUMMARIZES SALES OF OUR CLASS A COMMON STOCK

The table below summarizes sales of our Class A common stock under the ATM program:

  

($ in thousands)   August 2021 (Inception) through
March 31, 2024		  
Class A shares sold     97,262  
Gross proceeds   $ 12,684  
Fees paid to sales agent   $ 381  
Net proceeds   $ 12,303  

SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED

A reconciliation of the numerator and denominator used in the calculation of basic and diluted net loss per share of our Class A common stock is as follows (in thousands, except per share amounts):

 

(in thousands, except per share data)   2024     2023  
    Three months ended March 31,  
(in thousands, except per share data)   2024     2023  
Numerator:                
Net loss   $ (4,491 )   $ (8,747 )
Less: Net loss attributable to non-controlling interests     -       (54 )
Net loss attributable to Class A common stockholders   $ (4,491 )   $ (8,693 )
Denominator:                
Weighted average shares of Class A common stock outstanding     5,262       1,599  
Net loss per share of Class A common stock - basic and diluted   $ (0.85 )   $ (5.44 )