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Earnings per Share | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Earnings per Share | Note 20 - Earnings per Share The Company computes basic net earnings per share using net income attributable to Company common stockholders and the weighted average number of common shares outstanding during each period. The weighted average number of shares of common stock outstanding prior to the Business Combination have been retroactively adjusted by the Exchange Ratio to give effect to the reverse recapitalization treatment of the Business Combination. The equity structure of the Company for the year ended December 31, 2023 reflects the equity structure of DHHC, including the equity interests issued by DHHC to effect the business combination. The following table sets forth the computation of the Company’s basic and diluted net profit per share:
| December 31, 2024 |  | December 31, 2023
Net income | $ | 46,905,740 |  |  | $ | 125,060,284 |
Basic income available to common shareholders | 46,905,740 |  |  | 125,060,284 |
Effect of dilutive securities: |  |  |
Add back: |  |  |
Interest on Convertible Notes, net of tax | 10,173,150 |  |  | 6,184,809 |
Change in fair value of stock options - liability classified, net of tax | (252,252) |  |  | (175,940) |
Diluted income available to common shareholders | $ | 56,826,638 |  |  | $ | 131,069,153 |
Weighted-average number of common shares outstanding - basic | 48,967,507 |  |  | 45,639,431 |
Effect of dilutive securities: |  |  |
Convertible Notes(1) | 13,518,778 |  |  | 9,250,187 |
Stock options - equity classified | 349,035 |  |  | 154,703 |
Stock options - liability classified | 36,006 |  |  | 63,308 |
Stock warrants | 261,199 |  |  | 659,503 |
Restricted stock units | 7,395 |  |  | 1,758 |
Weighted-average number of common shares outstanding - diluted | 63,139,920 |  |  | 55,768,890 |
Net earnings per common share: |  |  |
Basic | $ | 0.96 |  |  | $ | 2.74 |
Diluted | $ | 0.90 |  |  | $ | 2.35 |
____________ (1)On December 11, 2024 the Company redeemed the Convertible Notes. See Note 14 - Convertible Notes payable for further details. The following table summarizes potentially dilutive outstanding securities for the years ended December 31, 2024 and 2023 that were excluded from the calculation of diluted EPS, because their effect would have been anti-dilutive:
| December 31, 2024 |  | December 31, 2023
Private placement warrants | 2,966,663 |  |  | 17,713 |
Public warrants | 8,625,000 |  |  | 51,498 |
Stock options - equity classified | 4,420,414 |  |  | — |
Stock options - liability classified | 37,750 |  |  | — |
Restricted stock units | 49,018 |  |  | — |
Total anti-dilutive features | 16,098,846 |  |  | 69,211 |
The Company’s 21,886,379 Earnout Shares and 443,500 PSUs are excluded from the anti-dilutive table above for the year ended December 31, 2024, as the underlying shares remain contingently issuable as the Earnout Triggering Events have not been satisfied

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