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Net Income (Loss) Per Share | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | Net Income (Loss) Per Share Basic earnings per common share is calculated by dividing net income (loss) attributable to common shareholders by the weighted average common shares outstanding during the period. Diluted earnings per share is calculated by dividing net income attributable to common shareholders by the weighted-average number of shares outstanding plus the dilutive impact of all potential dilutive common shares, consisting of stock options and warrants using the treasury stock method, and convertible debt and preferred stock using the if-converted method. The Company considered the two-class method in calculating the basic and diluted earnings per share, however, it was determined that there was no impact to the calculation of basic and diluted net income (loss) per share attributable to common stockholders as Class A and Class B common stock share in the same earnings and profits, thus, having no impact on the calculation. The Company has calculated the basic and diluted earnings per share during the three months ended March 31, 2024 and 2023 as follows (in thousands, except per share data):
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Numerator: |  |  |  |  |  |  |
Net loss attributable to CaliberCos Inc. | $ | (3,805) |  |  | $ | (1,207) |  |  |  |  |
Convertible debt interest | 22 |  |  | 22 |  |  |  |  |
Net loss attributable to common shareholders of CaliberCos Inc. | $ | (3,783) |  |  | $ | (1,185) |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Weighted average shares outstanding - basic | 21,542 |  | 18,182 |  |  |  |
Weighted average shares outstanding - diluted | 21,542 |  | 18,182 |  |  |  |
Basic net loss per share attributable to common shareholders | $ | (0.18) |  |  | $ | (0.07) |  |  |  |  |
Diluted net loss per share attributable to common shareholders | $ | (0.18) |  |  | $ | (0.07) |  |  |  |  |
The number of antidilutive shares consisted of the potential exercise of stock options and potential conversion of convertible debt. The following table summarizes these potential exercises and conversions during the three months ended March 31, 2024 and 2023, which h ave been excluded from the computation of diluted earnings per share attributable to common shareholders (in thousands):
| Three Months Ended March 31, |  |  |
| 2024 |  | 2023 |  |  |  |  |
Additional common shares, if stock options were exercised | 2,263 |  | 1,625 |  |  |  |  |
Additional common shares, if convertible debt were converted | 175 |  | 182 |  |  |  |  |
| 2,438 |  | 1,807 |  |  |  |  |

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