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NET INCOME (LOSS) PER SHARE
 3 Months Ended
Mar. 31, 2024
NET INCOME (LOSS) PER SHARE  
NET INCOME (LOSS) PER SHARE

8. NET INCOME (LOSS) PER SHARE

Basic income (loss) per share is computed by dividing the net income (loss) by the weighted average shares outstanding. Diluted income (loss) per share is computed by dividing the net income (loss) by the weighted average diluted shares outstanding.

The computation of basic and diluted income (loss) per share (in thousands, except share and per share data) was as follows:

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Three Months Ended March 31, 

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2024

    

2023

 

Net income (loss)

​

$

5,846

​

$

(413)

​

Weighted average common shares outstanding

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​

​

​

​

​

​

Basic

​

 

30,812,329

​

 

25,000,564

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Diluted

​

​

30,812,329

​

​

25,000,564

​

Basic income (loss) per share of common stock

​

$

0.19

​

$

(0.02)

​

Diluted income (loss) per share of common stock

​

$

0.19

​

$

(0.02)

​

​

The Company does not have any outstanding stock options, restricted stock unit awards, or restricted stock awards that would dilute our outstanding shares for the three months ended March 31, 2024, and 2023. Additionally, for the three months ended March 31, 2023, the 5,811,765 shares issuable upon conversion of the convertible note were excluded from the calculation of diluted loss per share of common stock, as their effect would have been anti-dilutive.