Three Months Ended
June 30,

Six Months Ended
June 30,

2025

2024

2025

2024

Numerator:

Net income (loss)

$

11,679

$

8,177

$

62,127

$

(3,394

)

Accretion of financing fees

-

(143

)

-

(287

)

Accrued dividends on Series C Preferred Stock

-

(4,427

)

-

(8,664

)

Allocation of undistributed earnings to nonvested restricted shares

(384

)

-

(2,151

)

-

Net income (loss) available to common stockholders - basic

$

11,295

$

3,607

$

59,976

$

(12,345

)

Undistributed earnings reallocated to nonvested restricted shares

18

-

116

-

Net income (loss) available to common stockholders - diluted

$

11,313

$

3,607

$

60,092

$

(12,345

)

Denominator:

Weighted average common shares outstanding

17,999,806

17,536,190

17,927,741

17,332,304

Issuance of Warrants

13,793,940

13,105,003

13,800,162

12,903,572

Weighted average common shares outstanding - basic

31,793,746

30,641,193

31,727,903

30,235,876

Issuance of Fixed Warrants

797,192

1,636,313

924,637

-

Dilutive effect of employee stock options

807,392

-

951,087

-

Weighted average common shares outstanding - diluted

33,398,330

32,277,506

33,603,627

30,235,876