NET LOSS PER SHARE

6 Months Ended

Jun. 30, 2024

NET LOSS PER SHARE

NET LOSS PER SHARE

NOTE 6 – NET LOSS PER SHARE:

a. Basic

Basic net loss per share is calculated by dividing the net loss attributable to the Company’s stockholders by the weighted average number of common share outstanding.

	For the three months		For the three months		For the six months		For the six months
	ended June 30, 2024		ended June 30, 2023		ended June 30, 2024		ended June 30, 2023
		in thousand U.S. dollars except per share and share amounts
Loss attributable to common stockholders	$	(4,428)	$	(5,708)	$	(8,599)	$	(9,757)
Basic and diluted net loss per common share		(0.26)		(0.38)		(0.51)		(0.65)
Weighted average of common shares outstanding		16,900,570		15,178,035		16,729,952		14,951,881

Basic loss per share is calculated by dividing the result attributable to equity holders of the Company by the weighted average number of shares of common stock in issue during the period.

	For the three months ended		For the six months ended June 30,
	June 30, 2024		June 30, 2024
Weighted average of common shares		18,264,047		18,126,323
Weighted unvested RSAs		(1,363,477)		(1,396,371)
Weighted average of common shares outstanding		16,900,570		16,729,952

b. Diluted

The following potentially dilutive securities were excluded from the calculation of diluted net loss per common share because their effect would have been anti-dilutive for the periods presented:

	June 30,
	2024	2023
Common shares issuable in relation to:
Warrants	159,870	238,974
Options	348,281	346,090
Unvested RSAs *	1,588,313	1,093,613

* Includes 193,557 of RSAs granted outside of the Incentive Plan see explanation in note 5