Three Months Ended
September 30,

Nine Months Ended
September 30,

2025

2024

2025

2024

Numerator:

Net (loss) income

$

(7,445

)

$

(107,046

)

$

54,682

$

(110,440

)

Accretion of financing fees

-

(144

)

-

(431

)

Accrued dividends on Series C Preferred Stock

-

(4,676

)

-

(13,340

)

Allocation of undistributed earnings to nonvested restricted shares

-

-

(1,828

)

-

Net (loss) income available to common stockholders - basic

$

(7,445

)

$

(111,866

)

$

52,854

$

(124,211

)

Undistributed earnings reallocated to nonvested restricted shares

-

-

103

-

Net (loss) income available to common stockholders - diluted

$

(7,445

)

$

(111,866

)

$

52,957

$

(124,211

)

Denominator:

Weighted average common shares outstanding

18,088,444

17,633,629

17,981,898

17,433,479

Issuance of Warrants

13,799,482

13,720,368

13,796,870

13,086,066

Weighted average common shares outstanding - basic

31,887,926

31,353,997

31,778,768

30,519,545

Issuance of Fixed Warrants

-

-

962,424

-

Dilutive effect of employee stock options

-

-

997,286

-

Weighted average common shares outstanding - diluted

31,887,926

31,353,997

33,738,478

30,519,545