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

STOCKHOLDERS??? EQUITY (Tables)

v3.25.1
STOCKHOLDERS’ EQUITY (Tables)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Warrant activity

Warrant activity for the years ending December 31, 2024 and 2023 is as follows:

 

 

    Number of
Warrants
    Weighted Average
Exercise Price
 
                 
Balance, December 31, 2022     166,131     $ 638.58  
Issued     1,052,951       8.07  
Expired     -       -  
Exercised     (444,983 )     3.32  
Balance, December 31, 2023     774,099       110.40  
Issued     10,413,376       1.71  
Expired or rescinded     -       -  
Exercised     (1,424,384 )     0.25  
Balance, December 31, 2024     9,763,091     $ 8.75  
Schedule of Black-Scholes Option Pricing Models for Warrants Issued

The following ranges of assumptions were used in calculations of the Black-Scholes option pricing models for warrants issued in the years ended December 31, 2024 and December 31, 2023:

 

    2024     2023  
Stock price   $ 3.68 - $4.05     $ 38.50 - $5.50
Risk-free interest rate     3.79% -4.395 %     3.30% - 4.72 %
Expected term (in years)     5.8 to 6.0       5.0 to 6.0  
Expected share price volatility     79.85 %     81.11% to 95.32 %
Expected dividend yield     0.0% - 0.0 %     0.0% - 0.0 %
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  
    For the year ended December 31,  
(in thousands, except per share data)   2024     2023  
Numerator:                
Net loss   $ (17,657 )   $ (32,325 )
Less: Net loss attributable to non-controlling interests    

17

      150  
Plus: Deemed Dividend on “October 2022 Standard Warrants”           (388 )
Net loss attributable to Class A common stockholders   $ (17,640 )   $ (32,563 )
Denominator:                
Weighted average shares of Class A common stock outstanding*     1,212       3,993  
Net loss per share of Class A common stock - basic and diluted*   $ (14.56 )   $ (8.16 )

 

* After giving effect to the Reverse Stock Splits.
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):

 

 Schedule of Outstanding Potentially Dilutive Securities

    9,763,091       774,099  
    For the year ended  
    December 31, 2024     December 31, 2023  
Stock options to purchase common stock     334       360  
Warrants to purchase common stock     9,763,091       774,099  
Antidilutive Securities, value     9,763,425       774,459