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Earnings per Share | 6 Months Ended
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Jun. 30, 2024
Earnings per Share [Abstract] |
Earnings per Share | 13. Earnings/(loss) per Share All common shares issued (including the restricted shares issued under the Company’s incentive plans) are the Company’s common stock and have equal rights to vote and participate in dividends. The calculation of basic earnings per share does not treat the non-vested shares (not considered participating securities) as outstanding until the time/service-based vesting restriction has lapsed. The dilutive effect on unexercised warrants that are in-the-money, is computed using the treasury stock method which assumes that the proceeds upon exercise of these warrants are used to purchase common shares at the average market price for the period. Incremental shares are the number of shares assumed issued under the treasury stock method weighted for the periods the non-vested shares were outstanding. During the six months ended June 30, 2023, there were 1,272,798 incremental shares included in the denominator of the diluted earnings per share calculation. For the six months ended June 30, 2024, incremental shares were no t included in the calculation of the diluted earnings per share, as the Company incurred losses and the effect of such shares would be anti-dilutive. Net comprehensive income/(loss) attributable to common stockholders is adjusted by the dividends on Series B Preferred Stock. Net comprehensive income/(loss) attributable to common stockholders is not further adjusted by the unrealized loss on warrants as of June 30, 2024 to calculate the diluted earnings per share because it would have an anti-dilutive effect. For the six months ended June 30, 2024 2023 Net comprehensive income/(loss) $ (706) $ 33,077 Dividends on series B preferred shares (2,884) (2,884) Net comprehensive income/(loss) attributable to common stockholders $ (3,590) $ 30,193 Weighted average number of common shares, basic 112,818,414 98,489,613 Earnings/(loss) per share, basic $ (0.03) $ 0.31 Weighted average number of common shares, basic 112,818,414 98,489,613 Incremental shares - 1,272,798 Weighted average number of common shares, diluted 112,818,414 99,762,411 Earnings/(loss) per share, diluted $ (0.03) $ 0.30

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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