4. NET LOSS PER COMMON SHARE

The following table reconciles the weighted-average shares outstanding for basic and diluted net loss per share for the three and six months ended June 30, 2024 and 2023:

 SCHEDULE OF RECONCILIATION OF WEIGHTED-AVERAGE SHARES OUTSTANDING FOR BASIC AND DILUTED NET LOSS PER COMMON SHARE

The net loss attributable to common shareholders includes the preferred stock dividend amount earned, but not declared, for the three and six months ended June 30, 2024 of approximately $3.9 million and $5.2 million, respectively. The earned preferred stock dividend for March 2024 was not reflected in the first quarter, but is included in the amount for the six months ended June 30, 2024. (See Note 15). The dividend payable at June 30, 2024 in the condensed consolidated balance sheets represents dividends declared, but not paid, through February 29, 2024.

At June 30, 2024, the 198,212 unvested equity restricted stock units (“RSUs”) as discussed in Note 12 have been excluded from the above calculations as they were anti-dilutive. All of the warrants previously outstanding expired unexercised in 2023 and are excluded from the above calculations. At June 30, 2023, the 605,689 unvested equity RSUs have been excluded from the above calculations as they were anti-dilutive. Vested RSUs, vested restricted shares and exercised warrants have been included in the above calculations.