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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted EPS

The following table shows the calculation of basic and diluted EPS and the weighted average number of shares outstanding used in computing EPS and the effect on the weighted average number of shares outstanding of dilutive potential common stock for the periods stated. For the years ended December 31, 2024 and 2023, all outstanding stock options, PSAs, and warrants relating to the Company’s common stock were considered anti-dilutive, as applicable, and excluded from the computation of diluted EPS, due to the net loss in the period.

 

 

For the years ended December 31,

 

(Dollars in thousands, except per share data)

 

2024

 

 

2023

 

Net loss

 

$

(15,385

)

 

$

(51,773

)

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic

 

 

49,123,861

 

 

 

18,939,471

 

Effect of dilutive stock options, PSAs, and warrants

 

 

 

 

 

 

Weighted average common shares outstanding, dilutive

 

 

49,123,861

 

 

 

18,939,471

 

 

 

 

 

 

 

 

Basic and diluted loss per share

 

$

(0.31

)

 

$

(2.73

)