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Earnings per Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings per Share Earnings Per Share
Basic earnings per share, or "EPS," is calculated by dividing net income (loss) for the period by the weighted average of the Company's common shares outstanding for the period. Diluted EPS takes into account the effect of outstanding dilutive instruments, such as share options and warrants, if any, and uses the average share price for the period in determining the number of incremental shares that are to be added to the weighted average number of shares outstanding. As of March 31, 2025 and December 31, 2024 and 2023, the Company did not have any dilutive instruments outstanding.
The following table presents a reconciliation of the earnings/(losses) and shares used in calculating basic EPS for the three-month periods ended March 31, 2025 and 2024 and the years ended December 31, 2024 and 2023:
Three-Month Period EndedYear Ended
March 31, 20253/31/2024December 31 2024December 31 2023
(In thousands except for share amounts)(Unaudited)
Numerator:
Net income (loss)$(7,870)$3,961 $6,586 $4,559 
Denominator:
Basic and diluted weighted average common shares outstanding34,811,555 19,548,408 23,576,696 14,875,314 
Basic and diluted earnings per share$(0.23)$0.20 $0.28 $0.31