v3.25.4

Earnings per Share | 12 Months Ended
--- | ---
Dec. 31, 2025
Earnings per Share |
Earnings per Share | 14. Earnings per Share The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders:
|  | Years Ended, |
|  | December 31, 2025 |  |  | December 31, 2024 |
Net income (loss) |  | $ | 29,321,363 |  |  | $ | (57,464,890 | )
Weighted average shares outstanding- |  |  |  |  |  |  |  |
Basic |  |  | 32,413,133 |  |  |  | 24,585,955 |
Add: dilutive effect of stock options, SARs and warrants |  |  | 6,268,268 |  |  |  | - |
Diluted |  |  | 38,681,401 |  |  |  | 24,585,955 |
Income (loss) per share- |  |  |  |  |  |  |  |
Basic |  | $ | 0.90 |  |  | $ | (2.34 | )
Diluted |  | $ | 0.76 |  |  | $ | (2.34 | )
The following potentially dilutive shares were not included in the calculation of diluted shares outstanding for the periods presented as the effect would have been anti-dilutive:
Anti-dilutive shares |  | December 31, 2025 |  |  | December 31, 2024 |
Public Warrants |  |  | 16,145,008 |  |  |  | 16,158,410 |
Private Warrants |  |  | 515,000 |  |  |  | 515,000 |
Warrants |  |  | 2,918,918 |  |  |  | 5,288,280 |
Outstanding stock options |  |  | 2,235,750 |  |  |  | 5,527,559 |
Earnout shares |  |  | - |  |  |  | 1,250,000 |
SARs |  |  | - |  |  |  | 1,758,105 |
|  |  | 21,814,676 |  |  |  | 30,497,354 |
The 3,750,000-remaining unvested earnout shares as of December 31, 2025 and 2024 are excluded from basic and diluted net loss per share as such shares are contingently issuable until the Company exceeds certain milestone thresholds that have not been achieved. The 1,250,000 vested earnout shares are included as anti-dilutive shares for the year ended December 31, 2024 of which 1,160,906 were issued to applicable personnel on January 7, 2025.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration