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EARNINGS (LOSS) PER SHARE (Tables) | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The table below illustrates the reconciliation of the earnings or loss and number of shares used in our calculation of basic earnings or loss per share attributable to common stockholders:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Net income (loss) | $ | 7,075,348 |  |  | $ | (5,284,811) |  |  | $ | 30,085,303 |  |  | $ | (5,908,533) |
Less: net (income) loss income attributable to noncontrolling interest | — |  |  | 159,756 |  |  | (786,683) |  |  | 204,716 |
Less: dividends declared on the series A convertible preferred stock | (93,750) |  |  | — |  |  | (187,500) |  |  | — |
Net income (loss) attributable to common stockholders for basic earnings (loss) per share | 6,981,598 |  |  | (5,125,055) |  |  | 29,111,120 |  |  | (5,703,817) |
Weighted average shares outstanding for basic earnings (loss) per share | 95,956,504 |  |  | 74,694,319 |  |  | 95,612,432 |  |  | 66,984,401 |
Basic earnings (loss) per share | $ | 0.07 |  |  | $ | (0.07) |  |  | $ | 0.30 |  |  | $ | (0.09) |
The table below illustrates the reconciliation of the earnings or loss and number of shares used in our calculation of diluted earnings or loss per share attributable to common stockholders:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Net income (loss) attributable to common stockholders for basic earnings (loss) per share | $ | 6,981,598 |  |  | $ | (5,125,055) |  |  | $ | 29,111,120 |  |  | $ | (5,703,817) |
Numerator used to calculate diluted earnings (loss) per share | $ | 6,981,598 |  |  | $ | (5,125,055) |  |  | $ | 29,111,120 |  |  | $ | (5,703,817) |
Weighted average shares outstanding for basic earnings (loss) per share | 95,956,504 |  |  | 74,694,319 |  |  | 95,612,432 |  |  | 66,984,401 |
Effect of dilutive shares outstanding: |  |  |  |  |  |  |
RSUs | 195,407 |  | — |  | 989,572 |  | —
Series A preferred stock | 500,000 |  | — |  | 360,806 |  | —
Weighted average shares for diluted earnings (loss) per share | 96,651,911 |  | 74,694,319 |  | 96,962,810 |  | 66,984,401
Diluted earnings (loss) per share | $ | 0.07 |  |  | $ | (0.07) |  |  | $ | 0.30 |  |  | $ | (0.09) |

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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 + Details
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