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Earnings per Share
 12 Months Ended
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, 2024December 31, 2023
Net income$46,905,740 $125,060,284 
Basic income available to common shareholders46,905,740 125,060,284 
Effect of dilutive securities:
Add back:
Interest on Convertible Notes, net of tax10,173,150 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 - basic48,967,507 45,639,431 
Effect of dilutive securities:
Convertible Notes(1)
13,518,778 9,250,187 
Stock options - equity classified349,035 154,703 
Stock options - liability classified36,006 63,308 
Stock warrants261,199 659,503 
Restricted stock units7,395 1,758 
Weighted-average number of common shares outstanding - diluted63,139,920 55,768,890 
Net earnings per common share:
Basic$0.96 $2.74 
Diluted$0.90 $2.35 
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(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, 2024December 31, 2023
Private placement warrants2,966,663 17,713 
Public warrants8,625,000 51,498 
Stock options - equity classified4,420,414 — 
Stock options - liability classified37,750 — 
Restricted stock units49,018 — 
Total anti-dilutive features16,098,846 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