Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS??? EQUITY (Tables)

v3.24.3
STOCKHOLDERS’ EQUITY (Tables)
9 Months Ended
Sep. 30, 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
September 30, 2024
 
Class A shares sold     8,842  
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):

 

                         
    Three months ended September 30,     Nine months ended September 30,  
(in thousands, except per share data)   2024     2023     2024     2023  
                         
Numerator:                                
Net loss   $ (3,757 )   $ (10,098 )   $ (8,882 )   $ (27,869 )
Less: Net income (loss) attributable to non-controlling interests           19       (17 )     (27 )
Plus: Deemed Dividend on “October 2022 Standard Warrants”           (388 )           (388 )
Net loss attributable to Class A common stockholders   $ (3,757 )   $ (10,467 )   $ (8,899 )   $ (28,284 )
Denominator:                                
Weighted average shares of Class A common stock outstanding     1,647       501       726       265  
Net loss per share of Class A common stock - basic and diluted   $ (2.28 )   $ (20.89 )   $ (12.26 )   $ (106.73 )