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Earnings per share (Tables) | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Earnings per Share | The following is a reconciliation of the numerator and denominator used to calculate basic earnings per share and diluted earnings per share for the three and nine months ended September 30, 2023 and 2022:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Calculation of basic and diluted loss per share attributable to the Company’s shareholders |  |  |  |  |  |  |  |  |  |  |  |
Net loss attributable to the Company’s shareholders |  | $ | (5,102,317 | ) |  | $ | (7,076,068 | ) |  | $ | (19,337,023 | ) |  | $ | (10,866,209 | )
Weighted-average common shares outstanding – basic and diluted |  |  | 52,406,002 |  |  |  | 43,030,885 |  |  |  | 51,084,636 |  |  |  | 43,042,379 |
Net loss per share, basic and diluted |  | $ | (0.10 | ) |  | $ | (0.16 | ) |  | $ | (0.38 | ) |  | $ | (0.25 | )
Summary of Anti-dilutive Shares Excluded from Calculation of Diluted Net Loss per Share | The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Stock options and awards |  |  | 704,231 |  |  |  | 1,004,845 |  |  |  | 652,111 |  |  |  | 2,181,361 |
Convertible Debt |  |  | 389,904 |  |  |  | — |  |  |  | 389,904 |  |  |  | — |
Common Stock Warrants (1) |  |  | 13,832,890 |  |  |  | 5,958,600 |  |  |  | 13,832,890 |  |  |  | 5,958,600 |
Earnout Shares (2) |  |  | 10,491,937 |  |  |  | 10,491,937 |  |  |  | 10,491,937 |  |  |  | 10,491,937 |
Contingently issuable Earnout Shares from unexercised Rollover Options |  |  | 1,508,063 |  |  |  | 1,508,063 |  |  |  | 1,508,063 |  |  |  | 1,508,063 |
Total |  |  | 26,927,025 |  |  |  | 18,963,445 |  |  |  | 26,874,905 |  |  |  | 20,139,961 |
(1) Included in Common Stock Warrants are the 5,750,000 publicly-traded warrants (the “Public Warrants”), 208,600 warrants held by assignees of Big Cypress Holdings, LLC (the “Private Placement Warrants”), 300,000 warrants held by Ladenburg Thalmann & Co. Inc. (the “Ladenburg Warrants”), 7,363,377 warrants issued to the investors in the December Private Placement (the “the PIPE Warrants”), and 210,913 warrants issued to the placement agent in the December Private Placement (the “PIPE Placement Agent Warrants”). See Note 12, Fair Value Measurements for further details on the Company’s outstanding warrants. (2) As the Earnout Shares are subject to certain vesting requirements not satisfied as of the three and nine months ended September 30, 2023 and 2022, the Earnout Shares held in escrow are excluded from calculating both basic and diluted earnings per share. See Note 10, Stockholders Equity for further details on the Company’s outstanding equity instruments.

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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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