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EPS | 12 Months Ended
--- | ---
Dec. 31, 2023
Earnings Per Share [Abstract] |
EPS |
16. | EPS
The dilutive effect of outstanding stock options and warrants is calculated using the treasury stock method. Stock options and warrants are anti-dilutive and excluded from the diluted net income per share attributable to common stock calculation if the exercise price exceeds the average market price of the common shares. The following table sets forth the computation of EPS attributable to common stockholders, basic and diluted (in thousands, except share and per share data):
|  | Year Ended December 31, |  |
|  | 2023 |  |  | 2022 |  |
Numerator: |  |  |  |  |  |  |
Net (loss) income from operations |  | $ | (85,480 | ) |  | $ | 4,314 |  |
Less: Allocation of undistributed earnings to noncontrolling interest |  |  | 7,453 |  |  |  | 2,012 |  |
Net (loss) income attributable to common stockholders - basic and diluted |  | $ | (92,933 | ) |  | $ | 2,302 |  |
Denominator: |  |  |  |  |  |  |
Basic common shares outstanding: |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 65,831,675 |  |  |  | 63,588,119 |  |
Weighted average shares used in calculating net (loss) income per share attributable to common stockholders, basic |  |  | 65,831,675 |  |  |  | 63,588,119 |  |
Dilutive potential common shares: |  |  |  |  |  |  |
Weighted average of common stock options |  |  | — |  |  |  | 12,098,287 |  |
Weighted average shares used in calculating net (loss) income per share attributable to common stockholders, diluted |  |  | 65,831,675 |  |  |  | 75,686,406 |  |
Net (loss) income per share attributable to common stockholders: |  |  |  |  |  |  |
Basic |  | $ | (1.41 | ) |  | $ | 0.04 |  |
Diluted |  | $ | (1.41 | ) |  | $ | 0.03 |  |
Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:
|  | December 31, |  |
|  | 2023 |  |
Options to purchase common stock |  |  | 18,280,548 |  |
Convertible Preferred stock (as converted) |  |  | 8,767,332 |  |
Preferred Stock Warrants (as converted) |  |  | 540,666 |  |
Total |  |  | 27,588,546 |  |

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