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Earnings per share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Loss Per Share, Basic and Diluted
The following table summarizes the computation of basic and diluted loss per share for the three and six months ended June 30, 2025 and 2024, including the effects of the Private Placement.
(Net loss in thousands)Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Basis loss per share:
Net loss attributable to Common shareholders$(5,001)$(3,081)$(7,778)$(3,380)
Divided by:
Weighted average shares outstanding78,123,0953,976,07345,885,4683,976,073
Basic loss per share of common stock$(0.06)$(0.77)$(0.17)$(0.85)
Diluted loss per share:
Net loss attributable to Common shareholders$(5,001)$(3,081)$(7,778)$(3,380)
Weighted average shares outstanding78,123,0953,976,07345,885,4683,976,073
Effect of potentially dilutive restricted shares of common stock— (1)— (2)— (3)— (4)
Divided by:
Weighted average diluted shares outstanding78,123,0953,976,07345,885,4683,976,073
Diluted loss per share of common stock$(0.06)$(0.77)$(0.17)$(0.85)
(1)
The weighted average diluted shares outstanding does not include 4,597,710 anti-dilutive restricted shares of common stock for the three months ended June 30, 2025.
(2)
The weighted average diluted shares outstanding does not include 8,695 anti-dilutive restricted shares of common stock for the three months ended June 30, 2024.
(3)
The weighted average diluted shares outstanding does not include 5,119,740 anti-dilutive restricted shares of common stock for the six months ended June 30, 2025.
(4)
The weighted average diluted shares outstanding does not include 4,330 anti-dilutive restricted shares of common stock for the six months ended June 30, 2024.