Company: AWRE
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0000950170-25-038714
Chunk: 75

Company: AWARE INC /MA/
Filing Date: 2025-03-13
Form: 10-K
Item: Item 5
Chunk 75
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        Stock options

        1,575

        2,533

       Net loss per share is calculated as follows (in thousands, except per share data):  

        Year endedDecember 31,

        2024

        2023

        Net loss

        (4,431
        )

        (7,314
        )

        Shares outstanding:

        Weighted-average common shares outstanding

        21,139

        21,013

        Additional dilutive common stock equivalents

        —

        —

        Diluted shares outstanding

        21,139

        21,013

        Net loss per share – basic
         
        $
        (0.21
        )
         
        $
        (0.35
        )

        Net loss per share - diluted
         
        $
        (0.21
        )
         
        $
        (0.35
        )

13.  SUBSEQUENT EVENTIn October 2024, the Board of Directors of Aware, Inc. initiated a CEO transition process.  Robert Eckel stepped down as CEO and President effective December 31, 2024.  On February 3, 2025, the Board appointed, Ajay K. Amlani as the new Chief Executive Officer and President.

ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None. 

52

ITEM 9A.  CONTROLS AND PROCEDURES

Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including our chief executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).  Based on this evaluation, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were effective as of the end of the period covered by this annual report.

Evaluation of Changes in Internal Control Over Financial Reporting

In December 2024, our Chief Executive Officer resigned, and our Chief Financial Officer assumed the role of Interim Chief Executive Officer while continuing to serve as Chief Financial Officer. In February 2024, we hired a new Chief Executive Officer, and the Interim Chief Executive Officer returned to his role as Chief Financial Officer. While these leadership transitions represent significant