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EARNINGS PER SHARE INFORMATION | 3 Months Ended
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Mar. 31, 2025
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 three months ended March 31, 2025 and 2024. For all dilutive securities, the treasury stock method of calculating the incremental shares is applied.
|  |  |  | For the Three Months Ended
|  |  |  |  |  | March 31, 2025 |  | March 31, 2024
Net Income (Loss) |  |  |  |  |  | $ | 9,110,738 |  |  | $ | 5,515,377 |
Basic Weighted-Average Shares Outstanding |  |  |  |  |  | 199,314,182 |  |  | 197,389,782 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Stock options |  |  |  |  |  | — |  |  | — |
Restricted stock units |  |  |  |  |  | 1,509,099 |  |  | 1,126,604 |
Performance stock units |  |  |  |  |  | 219,236 |  |  | 752,551 |
Common warrants |  |  |  |  |  | 30,077 |  |  | 36,213 |
Diluted Weighted-Average Shares Outstanding |  |  |  |  |  | 201,072,594 |  |  | 199,305,150 |
Basic Earnings (Loss) per Share |  |  |  |  |  | $ | 0.05 |  |  | $ | 0.03 |
Diluted Earnings (Loss) per Share |  |  |  |  |  | $ | 0.05 |  |  | $ | 0.03 |
The following table presents the securities which were excluded from the Company's computation of diluted earnings (loss) per share for the three months ended March 31, 2025 and 2024, as their effect would have been anti-dilutive.
|  |  |  | For the Three Months Ended
|  |  |  |  |  | March 31, 2025 |  | March 31, 2024
Antidilutive securities: |  |  |  |  |  |  |  |
Stock options to purchase common stock |  |  |  |  |  | 65,500 |  | 69,566
Unvested restricted stock units |  |  |  |  |  | 76,600 |  |  | — |
Unvested performance stock units |  |  |  |  |  | 1,000,000 |  | 1,592,268

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