Net Loss Per Share of Common Stock (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Computation of Basic and Diluted Loss Per Share

The following table sets forth the computation of basic and diluted loss per share for common stockholders:

	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Net loss	$	(8,233,487	)	$	(6,192,036	)	$	(16,802,292	)	$	(13,162,448	)
Weighted average shares of common stock outstanding		7,568,981			5,511,163			7,568,981			5,426,150
Net loss per share of common stock – basic and diluted	$	(1.09	)	$	(1.12	)	$	(2.22	)	$	(2.43	)

Securities Excluded from Calculation of Weighted Average Shares Outstanding as their Effect is Antidilutive

The following securities outstanding at June 30, 2024 and 2023 have been excluded from the calculation of weighted average shares outstanding as their effect on the calculation of loss per share is antidilutive:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Common stock options		1,063,234		700,929		1,063,234		700,929
Performance-based restricted stock units		228,209		228,209		228,209		228,209
Common stock warrants		5,099		5,099		5,099		5,099