XML 26 R19.htm IDEA: XBRL DOCUMENT
v3.25.1

Net Income per Share ("EPS") Attributable to Common Stockholders | 3 Months Ended
--- | ---
Mar. 31, 2025
Earnings Per Share [Abstract] |
Net Income per Share ("EPS") Attributable to Common Stockholders |
11. | Net Income per Share (“EPS”) Attributable to Common Stockholders
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 EPS 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):
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Numerator: |  |  |  |  |  |
Net income |  | $ | 3,734 |  |  | $ | 9,935 |
Less: Allocation of undistributed earnings to noncontrolling interest |  |  | 1,036 |  |  |  | 2,403 |
Net income attributable to common stockholders - basic |  | $ | 2,698 |  |  | $ | 7,532 |
Less: Change in fair value of warrant liability |  |  | 2,255 |  |  |  | 4,288 |
Net income attributable to common stockholders - diluted |  | $ | 443 |  |  | $ | 3,244 |
Denominator: |  |  |  |  |  |
Basic common shares outstanding: |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 86,420,530 |  |  |  | 83,265,879 |
Weighted average shares used in calculating net income per share attributable to common stockholders, basic |  |  | 86,420,530 |  |  |  | 83,265,879 |
Dilutive potential common shares: |  |  |  |  |  |
Weighted average of common stock options |  |  | 15,372,925 |  |  |  | 16,889,266 |
Weighted average of Convertible Preferred Stock (as converted) |  |  | — |  |  |  | 2,119,575 |
Weighted average of Preferred Stock Warrants (as converted) |  |  | 177,217 |  |  |  | 319,477 |
Weighted average shares used in calculating net income per share attributable to common stockholders, diluted |  |  | 101,970,672 |  |  |  | 102,594,197 |
Net income per share attributable to common stockholders: |  |  |  |  |  |
Basic |  | $ | 0.03 |  |  | $ | 0.09 |
Diluted |  | $ | 0.00 |  |  | $ | 0.03 |
Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Options to purchase common stock |  |  | 1,154,866 |  |  |  | 128,027 |
Total |  |  | 1,154,866 |  |  |  | 128,027 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration