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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Weighted Average Common Shares Outstanding

The net (loss) income available to common stockholders and weighted-average common shares outstanding are as follows:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

 

(18,889

)

 

 

14,539

 

 

 

(23,926

)

 

 

(11,308

)

Accretion of financing fees

 

 

(57

)

 

 

-

 

 

 

(57

)

 

 

-

 

Accrued dividends on Series C Preferred Stock

 

 

(1,612

)

 

 

-

 

 

 

(1,612

)

 

 

-

 

Net (loss) income available to common stockholders - basic

 

 

(20,558

)

 

 

14,539

 

 

 

(25,595

)

 

 

(11,308

)

Net (loss) income available to common stockholders - diluted

 

 

(20,558

)

 

 

14,539

 

 

 

(25,595

)

 

 

(11,308

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

16,974,593

 

 

 

15,919,436

 

 

 

16,883,946

 

 

 

15,799,456

 

Issuance of Warrants

 

 

11,139,232

 

 

 

8,580,348

 

 

 

10,668,351

 

 

 

8,194,871

 

Weighted average common shares outstanding - basic

 

 

28,113,825

 

 

 

24,499,784

 

 

 

27,552,297

 

 

 

23,994,327

 

Weighted average common shares outstanding - diluted

 

 

28,113,825

 

 

 

24,499,784

 

 

 

27,552,297

 

 

 

23,994,327