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EARNINGS PER SHARE INFORMATION | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE INFORMATION | NOTE 4 — EARNINGS PER SHARE INFORMATION The following table presents the calculation of the Company's basic and diluted earnings (loss) per share for the years ended December 31, 2024, 2023 and 2022. For all dilutive securities, the treasury stock method of calculating the incremental shares is applied.
For the years ended December 31, |  | 2024 |  | 2023 |  | 2022
Net Income |  | $ | 67,470,314 |  |  | $ | 104,864,641 |  |  | $ | 138,635,025 |
Basic Weighted-Average Shares Outstanding |  | 197,937,683 |  |  | 190,589,143 |  |  | 121,264,175 |
Effect of dilutive securities: |  |  |  |  |  |
Stock options |  | — |  |  | — |  |  | 83,384 |
Restricted stock units |  | 1,695,791 |  |  | 1,292,582 |  |  | 2,040,181 |
Performance stock units |  | 603,867 |  |  | 438,818 |  |  | 248,206 |
Common warrants |  | 40,039 |  |  | 3,044,307 |  |  | 18,118,722 |
Diluted Weighted-Average Shares Outstanding |  | 200,277,380 |  |  | 195,364,850 |  |  | 141,754,668 |
Basic Earnings per Share |  | $ | 0.34 |  |  | $ | 0.55 |  |  | $ | 1.14 |
Diluted Earnings per Share |  | $ | 0.34 |  |  | $ | 0.54 |  |  | $ | 0.98 |
The following table presents the securities which were excluded from the Company's computation of diluted earnings (loss) per share for the years ended December 31, 2024, 2023 and 2022, as their effect would have been anti-dilutive.
|  | 2024 |  | 2023 |  | 2022
Antidilutive securities: |  |  |  |  |  |
Stock options to purchase common stock |  | 66,511 |  | 264,966 |  | 70,500
Unvested restricted stock units |  | 32,231 |  | 56,153 |  | 13,512
Unvested performance stock units |  | 1,260,595 |  | 1,445,804 |  | 814,255 |

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