2024

2023

2024

2023

For the three months ended June 30,

For the six months ended June 30,

2024

2023

2024

2023

Numerator:

Net income (loss) used for basic net income (loss) per share

$

7,406

$

(16,654

)

$

(24,172

)

$

(25,761

)

Effect of dilutive securities:

Fair value adjustments for warrant and derivative liabilities

(20,854

)

—

Numerator for dilutive net income (loss) per share - net income available for common shareholders’ after the effect of dilutive securities

$

(13,448

)

$

(16,654

)

$

(24,172

)

$

(25,761

)

Denominator:

Weighted average number of common shares outstanding - basic

40,010,481

18,017,874

33,662,908

17,464,026

Effect of dilutive shares:

Shares of common stock issuable upon exercise of stock options

178,931

—

Shares of common stock underlying restricted stock

2,293,570

—

Shares of common stock issuable upon exercise of warrants

8,165,236

—

Shares of common stock issuable upon exercise of conversion feature of loan agreement

578,497

—

Dilutive potential common shares

11,216,234

—

Denominator for dilutive net income (loss) per share - adjusted weighted average shares used in computing net income (loss) per share - dilutive

51,226,715

18,017,874

33,662,908

17,464,026

Earnings per share:

Basic income (loss) per common share

$

0.19

$

(0.92

)

$

(0.72

)

$

(1.48

)

Dilutive income (loss) per common share

$

(0.26

)

$

(0.92

)

$

(0.72

)

$

(1.48

)