Years Ended December 31,

2024

2023

Basic:

Net loss

$

(31,882)

$

(3,048)

Less: Preferred stock dividend

(32,219)

(12,047)

Less: Undistributed earnings allocable to preferred stockholders

—

Net (loss) income available to common stockholders

$

(64,101)

$

(15,095)

Weighted average basic number of common shares outstanding basic

16,457

16,441

Basic net (loss) income per share of common stock

$

(3.90)

$

(0.92)

Diluted:

Net (loss) income available to common stockholders basic

$

(64,101)

$

(15,095)

Reallocation of undistributed earnings

—

Net (loss) income available to common stockholders diluted

$

(64,101)

$

(15,095)

Weighted average basic number of common shares outstanding

16,457

16,441

Common stock equivalent shares representing shares issuable upon:

Exercise of stock options

Anti-dilutive

Vesting of restricted stock units

Anti-dilutive

Weighted average diluted number of common shares outstanding diluted

16,457

16,441

Diluted net income (loss) per share of common stock

$

(3.90)

$

(0.92)