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Loss per Common Share - (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Common Share

The following tables set forth the computation of the Company's basic and diluted loss per common share:

									Three Months Ended March 31,
(in thousands except per share amounts)															2024						2023
Numerator:
Net income (loss)															$	5,193					$	(506)
Less: Dividends and accretion attributable to redeemable senior preferred stockholders															(12,662)						(11,295)
Less: Return on redeemable NCI in consolidated subsidiary															(581)						—
Net loss attributable to common stockholders															$	(8,050)					$	(11,801)
Denominator:
Basic and diluted:
Weighted-average common shares outstanding(1)															78,021						78,133
Loss per common share															$	(0.10)					$	(0.15)

(1)The weighted-average common shares outstanding includes 1,803,841 warrants (refer to Note 9. Redeemable Senior Preferred Stock and Warrants).

Schedule of Antidilutive Securities

Potentially anti-dilutive securities that were excluded from the Company's loss per common share are as follows:

									Three Months Ended March 31,
(in thousands)															2024						2023
Outstanding warrants on Common Stock(1)															—						3,557
Outstanding options and warrants issued to adviser(2)															—						600
Restricted stock awards(3)															1,078						2,245
Outstanding stock option awards(3)															864						952
Total															1,942						7,354

(1)The warrants were issued in 2018 and were exercisable at $11.50 per share. These warrants expired on August 24, 2023.

(2)The warrants were issued in 2018 and were exercisable at $12.00 per share. These warrants expired on August 24, 2023.

(3)Granted under the 2018 Plan.

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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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