Note 15. Loss Per Share

Basic net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net loss per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents. In periods when losses are reported, which is the case for the three months ended September 30, 2024 and September 30, 2023 presented in these condensed consolidated financial statements, the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. The June 30, 2024 balance of 31 million shares underlying unexercised warrants with nominal remaining exercise prices are included in the basic and diluted calculation of weighted average common shares outstanding for the three months ended September 30, 2024.

The Company had the following common stock equivalents at September 30, 2024 and 2023: