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v3.23.2

Summary of Significant Accounting Policies (Details) - Schedule of Basic and Diluted Earnings Per Share - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022
Numerator |  |  |  |
Net (loss)/ income | $ (5,297,655) | $ 14,389,221 | $ (5,527,870) | $ 12,008,286
Series 2 Convertible Preferred Stock dividends | (992,493) | (609,777) | (1,964,726) | (1,219,554)
Net (loss)/ income attributable to common and Series 1 Convertible Preferred Stock | (6,290,148) | 13,779,444 | (7,492,596) | 10,788,732
Net income attributable to Series 1 Convertible Preferred Stock |  | (148,457) |  | (124,057)
Series 2 Convertible Preferred Stock dividends attributable to Series 1 Convertible Preferred Stock |  | 6,291 |  | 12,599
Net (loss)/ income attributable to common shares- Numerator for basic EPS | (6,290,148) | 13,637,278 | (7,492,596) | 10,677,274
Effect of dilutive securities: |  |  |  |
Series 2 Convertible Preferred Stock dividends |  | 609,777 |  | 1,219,554
Net (loss)/ income attributable to common shares after assumed conversions- Numerator for diluted EPS | $ (6,290,148) | $ 14,247,055 | $ (7,492,596) | $ 11,896,828
Denominator |  |  |  |
Weighted average of common shares outstanding- Denominator for basic EPS (in Shares) | 28,923,393 | 21,605,234 | 21,751,807 | 21,576,312
Effect of dilutive securities: |  |  |  |
Series 2 Convertible Preferred Stock (in Shares) |  | 5,845,695 |  | 5,845,695
Series 1 Convertible Preferred Stock (in Shares) |  | 225,231 |  | 225,231
Common stock options and performance share units (in Shares) |  | 222,664 |  | 355,753
Common stock warrants (in Shares) |  |  |  | 190,277
Adjusted weighted average of common shares outstanding and assumed conversions- Denominator diluted EPS (in Shares) | 28,923,393 | 27,898,824 | 21,751,807 | 28,193,268
Basic EPS (in Dollars per share) | $ (0.22) | $ 0.63 | $ (0.34) | $ 0.49
Diluted EPS (in Dollars per share) | $ (0.22) | $ 0.51 | $ (0.34) | $ 0.42

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