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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Schedule of Reconciliation of Numerator and Denominator of the Diluted Earnings (Loss) Per Share

The following is a reconciliation of the numerator and denominator of the diluted earnings (loss) per share computations for the periods indicated below:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Basic and diluted loss per share:
Net loss			$	(86,754)					$	(18,621)					$	(62,145)					$	(36,372)
Weighted average shares outstanding - basic			332,680,037						251,789,350						314,820,110						249,858,033
Add:
RSUs			-						-						-						-
Weighted average shares outstanding - diluted			332,680,037						251,789,350						314,820,110						249,858,033
Net loss per share - basic			$	(0.26)					$	(0.07)					$	(0.20)					$	(0.15)
Net loss per share - diluted			$	(0.26)					$	(0.07)					$	(0.20)					$	(0.15)

Computation of Diluted Earnings (Loss) Per Common Share

The following table presents the common share equivalents that are excluded from the computation of diluted earnings (loss) per common share at September 30, 2024 and 2023, because including them would have been antidilutive.

			September 30,
			2024						2023
Public warrants			8,613,980						8,499,980
Private placement warrants			—						114,000
Unvested RSUs			21,479,801						21,234,610
			30,093,781						29,848,590

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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