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Net Income/Loss Per Share (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Common Share Equivalents Included from Computation of Net Loss Per Share |
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
(In thousands, except share and per share data) |  |  |  |  | (As Restated) |  |  |  |  |  | (As Restated) |
Net income (loss) |  | $ | 76,971 |  |  | $ | (9,906 | ) |  | $ | 8,433 |  |  | $ | (86,438 | )
Undistributed earnings allocated to participating securities |  |  | (22,542 | ) |  |  | — |  |  |  | (2,882 | ) |  |  | — |
Net income (loss) attributable to common shares - basic |  |  | 54,429 |  |  |  | (9,906 | ) |  |  | 5,551 |  |  |  | (86,438 | )
Allocated undistributed earnings allocated to participating securities |  |  | 22,542 |  |  |  | — |  |  |  | 2,882 |  |  |  | — |
Change in fair value of warrant liabilities and fair value of financial instruments issued in excess of proceeds, net of tax |  |  | (94,475 | ) |  |  | — |  |  |  | (69,519 | ) |  |  | — |
Net loss attributable to common shares, basic |  | $ | (17,504 | ) |  | $ | (9,906 | ) |  | $ | (61,086 | ) |  | $ | (86,438 | )
Basic weighted-average common shares outstanding |  |  | 51,945,920 |  |  |  | 29,974,400 |  |  |  | 41,443,049 |  |  |  | 22,813,085 |
Potentially dilutive common shares: |  |  |  |  |  |  |  |  |  |  |  |
Common stock warrants |  |  | 3,532,422 |  |  |  | — |  |  |  | 1,663,697 |  |  |  | — |
Weighted-average number of common shares outstanding, diluted |  |  | 55,478,342 |  |  |  | 29,974,400 |  |  |  | 43,106,746 |  |  |  | 22,813,085 |
Basic net income (loss) per common share |  | $ | 1.05 |  |  | $ | (0.33 | ) |  | $ | 0.13 |  |  | $ | (3.79 | )
Diluted net loss per common share |  | $ | (0.32 | ) |  | $ | (0.33 | ) |  | $ | (1.42 | ) |  | $ | (3.79 | )
Summary of Common Share Equivalents were excluded because the Inclusion is Anti-dilutive | The computation of diluted earnings per share exclude s incentive stock options, restricted stock units, preferred stock and warrants that are anti-dilutive. The following table provides a summary as of September 30, 2024 and 2023 of common share equivalents that were excluded because their inclusion would have been anti-dilutive.
|  | For the Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |
Preferred Stock |  |  | 6,361,567 |  |  |  | 6,361,567 |
Stock options outstanding and other equity awards |  |  | 16,543,376 |  |  |  | 15,238,434 |
Common and preferred warrants outstanding |  |  | 18,567,751 |  |  |  | 18,577,332 |
Total |  |  | 41,472,694 |  |  |  | 40,177,333 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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