Quarterly report [Sections 13 or 15(d)]

STOCKHOLDERS??? EQUITY (Tables)

v3.26.1
STOCKHOLDERS’ EQUITY (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
SCHEDULE OF WARRANT ACTIVITY

Warrant activity for the three months ended March 31, 2026 was as follows:

 

   

Number of

Warrants

   

Weighted Average

Exercise Price

 
             
Balance, December 31, 2025     3,882,755     $ 0.08  
Issued    

       
Expired or rescinded    

(2

)    

 
Exercised    

(26,250

)     0.08  
Balance, March 31, 2026    

3,856,503

    $ 0.08  
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 Class A common stock is as follows:

 

 

(in thousands, except share and per share data)   2026     2025  
    Three months ended March 31,  
(in thousands, except share and per share data)   2026     2025  
Numerator:                
Net loss   $ (18,211 )   $ (3,867 )
Less: Net income attributable to non-controlling interests     149        
Net loss attributable to Class A common stockholders   $ (18,360 )   $ (3,867 )
Denominator:                
Weighted average shares of Class A common stock outstanding     4,086,882       1,522,272  
Net loss per share of Class A common stock - basic and diluted   $ (4.49 )   $ (2.54 )
SCHEDULE OF OUTSTANDING POTENTIALLY DILUTIVE SECURITIES

The following table sets forth the outstanding potentially dilutive securities that have been excluded in the calculation of diluted net loss per share because their inclusion would be anti-dilutive (in common stock equivalent shares):

 

      2026       2025  
      Three Months Ended March 31,  
      2026       2025  
Stock options to purchase common stock    

235,000

     

42

 
Warrants to purchase common stock    

3,856,503 

     

8,365,651